Battery Road Digital

Battery Road Digital Holdings is a venture capital firm established in 2015 and located in Dubai, United Arab Emirates. The firm specializes in investing in frontier and emerging markets, targeting sectors such as business-to-business (B2B), business-to-consumer (B2C), e-commerce, feminine technology, and financial technology. Through its focused investment strategy, Battery Road Digital aims to support innovative companies that are positioned to capitalize on growth opportunities in these dynamic markets.

Edward Simnett

Operating Partner

Past deals in Uzbekistan

IMAN

Seed Round in 2022
IMAN is a Halal financial super app based in Tashkent, Uzbekistan, established in 2019. The company focuses on providing ethical investment and funding solutions that align with Islamic beliefs, catering to the needs of over 700 million digitally connected Muslims worldwide who often find traditional banking products unsuitable. IMAN specializes in Banking-as-a-Service, offering a portable banking architecture that allows for seamless integration of its innovative offerings into existing bank infrastructures. This strategy fosters collaboration within the financial industry and enhances user adoption. The company's services include a halal Buy Now Pay Later (BNPL) solution for retailers, facilitated through its PAY and MERCHANT applications, enabling consumers to make purchases and pay in halal-compliant monthly installments. Additionally, investors can generate halal profits through the company's INVEST application, creating a mutually beneficial ecosystem. IMAN is currently focused on the Uzbekistan market, with plans for expansion into the MENAPT region and a vision to serve as a Halal alternative to financial services in MENA and Asia.
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