Tenity has strategically invested in GoBarakah, a fintech platform enhancing charitable contributions through verifiable and impactful e-vouchers, aiming to revolutionize the global charitable sector.

Target Information

GoBarakah is an innovative fintech platform based in Singapore that specializes in transforming corporate funds designated for charitable purposes and public donations into targeted e-vouchers. This platform ensures that charitable contributions are both verifiable and impactful, enhancing the inclusivity for recipients. GoBarakah's e-voucher system is particularly advantageous for corporate philanthropic initiatives, as it provides an efficient means to execute traceable and trustworthy transactions. Corporations can benefit from real-time reporting, which guarantees that their contributions are being utilized effectively. This increased transparency fosters greater accountability and trust in their social responsibility efforts.

With a focus on improving the impact of charitable donations, GoBarakah aims to revolutionize the USD 500 billion global charitable sector. Recently, the platform has formed a partnership with the Hong Leong Islamic Bank (HLISB) to develop a fintech ecosystem designed to direct funds to underserved communities. This collaboration underscores GoBarakah's dedication to promoting trust and inclusivity among donors, organizations, and recipients.

Industry Overview

The fintech industry in Singapore has evolved remarkably, driven by a robust regulatory framework and significant government support. Singapore is recognized as a leading global fintech hub due to its strategic location, strong financial