Revolutionizing Charitable Giving: Tenity Invests in GoBarakah to Elevate Charitable Initiatives Globally Through Innovative Fintech

‍Singapore, April 11, 2025 – We are elated to announce our investment in GoBarakah, a fintech platform that converts corporate ‘funds for good’ and public donations into targeted and purpose-driven e-vouchers, ensuring that charitable contributions are verifiable, impactful, and inclusive for recipients. GoBarakah's e-voucher system offers especially significant advantages for corporate philanthropic efforts. It provides an efficient mechanism for traceable and trusted transactions, resulting in corporations knowing through the platform's real-time reporting that contributions are utilized effectively, fostering greater accountability and trust in their social responsibility initiatives.

This strategic investment aligns with Tenity's commitment to supporting fintech innovations that drive positive social impact and aims to bolster GoBarakah's mission to revolutionize the USD500 billion global charitable sector. The award-winning fintech platform recently collaborated with the Hong Leong Islamic Bank (HLISB) to create a fintech ecosystem aimed at channeling funds to underserved communities, demonstrating its commitment to promoting trust and inclusivity among donors, organizations, and recipients.

GoBarakah has rapidly gained recognition for its innovative approach in being an inclusive fintech for the charitable sector. The platform has been honored with multiple awards, which include being the global winner of the World Summit Award (WSA) 2024 in the Business & Commerce category, awarded during the WSA’s Global Congress in Hyderabad, India, highlighting its contributions to the United Nations Sustainable Development Goals.

"At Tenity, we’re drawn to startups that solve real-world problems with elegant solutions. GoBarakah is doing just that—building infrastructure that transforms how donations flow, get tracked, and deliver value to underserved communities.” Jonas Thürig, Managing Partner and Head of Tenity Asia

"We're honored to be part of Tenity's portfolio. We believe that this partnership will bring GoBarakah to greater heights in terms of international partnerships and market access, making us more impactful as a fintech for good. GoBarakah wishes to set new standards in charitable giving through the use of innovative fintech, and we believe that Tenity's experience in disruptive fintech brings great value for us in breaking new frontiers." Firdaus Mohamed, CEO and Co-Founder at GoBarakah

GoBarakah's expanding network of clients and partners, includes prominent organizations such as Grab, Hong Leong Islamic Bank, Paynet, MYDIN, and AEON, reflecting its growing traction and the strong market gap it addresses. These collaborations not only underscore the platform's versatility but also highlight its potential to revolutionize charitable giving, corporate philanthropy, and zakat distribution on a global scale. Through significant partnership opportunities with multiple global funders and organizations, GoBarakah envisions its fintech to be available to hundreds of thousands of underserved individuals, even those who are unbanked, where they can redeem the value of donations and corporate CSR funds through targeted GoBarakah e-vouchers and use the value to pay for the goods and services they need through redemptions at GoBarakah’s ecosystem of vendors.

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About GoBarakah

Launched in November 2023, GoBarakah is a multiple award-winning fintech platform that serves the charitable sector economy of public donations, corporate 'funds for good', and all other funds that support the underserved. By utilising its proprietary e-vouchers as a standardised digital instrument for users to transact in, GoBarakah is able to provide end-to-end traceability and transparency of charitable funds from source to redemption for its ecosystem of donors, beneficiaries, organisations, and vendors alike. The first purpose-driven public fintech of its kind, GoBarakah is on a mission to revolutionise the way people and companies engage in charitable giving - by making it more transparent, verifiable, impactful, accessible, and inclusive, all the while reducing the very real risks of funds misuse, inefficiencies, waste, and high middlemen costs. GoBarakah is also an early financial tool for the unbanked, ensuring that everyone can pay for essential goods and services at GoBarakah's hundreds of vendor partners using its e-vouchers.

For more information, please visit: https://gobarakah.com