Alif Capital Holdings

Fintech based on noble values

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who
we are

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Founded in 2014, Alif has grown into one of the leading fintech companies in Central Asia, and is now growing beyond. Alif offers an ecosystem of in-house developed financial and technological solutions: the most widely used finance app alif mobi, popular Point-of-sales financing payment system, the largest online retail platform alif shop and a cheap, fast and safe remittance system.

Ethical fintech

We are committed to Shariah-compliance across our products and processes. We do not market our values, we simply make them clear to investors and other stakeholders.

$63.9M

run-rate revenue October 2023

1200+

employees

2 mln

users

5.5%

NPL (90 days)

α- Medium

MicroFinance Rating

exploring
beyond national
borders

EXISTING MARKETS

Tajikistancheck

Uzbekistancheck

UAEcheck

BEING EXPLORED

Pakistan

Saudi Arabia

Bangladesh

Egypt

Indonesia

UK

planet

big moments
through the years

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2023

October

Uzcard forum presented Alif Tech with the prestigious Uzcard Award for its substantial contributions to the development of the fintech sector of Uzbekistan.

October

Alif Academy was launched in Uzbekistan. There will be free IT programs for youth.

October

Alif Bank has obtained three licenses from the Ministry of Finance in Tajikistan, allowing it to perform brokerage deals.

September

Alif Bank joined MasterCard as principal member.

August

Alif Bank received an α- Medium rating from Microfinanza Rating, indicating good outlook for financial sustainability.

May

For the first time in Alif’s activity, the Board of Directors decided to pay dividends of $0.7 per share.

March

Alif shop became the only marketplace from the CIS that entered the top 100 participants in EWC 2022 among 30,000 other startups.

February

alifshop was the only project from CIS region to become the Entrepreneurship World Cup finalist.

2022

December

Awarded by VISA in the nominations “Best issuer” and “The first VSPS in the country”.

November

Launched the newly established payment services provider Alif Payment LLC in UAE.

August

Launched virtual Visa Digital card for online purchases.

August

Launched cashout terminals that allow to withdraw cash from e-wallet or card accounts.

August

Reached over 100,000 active alif mobi users.

May

The alif mobi app has been downloaded by over 1 million users.

January

Bank No. 1 with the rapid growth of payments in Tajikistan according to Visa.

2021

December

Launched alif mobi, alifshop.uz and alif merchant apps in Uzbekistan.

October

Migrated to Alif’s Core Banking System 2, fully written in-house over the last 3 years with a new architecture and scalability.

October

Increased authorized capital of the company to 33.96 million somoni.

September

Launched the early version of Alif’s first ML scoring system in Uzbekistan.

September

Received a valuation of $100 million, by raising $8 million in equity and $50 million in debt.

September

Introduced the multicurrency Alif Visa Gold, Platinum and Infinite cards with the option of installments, remittances and full control in alif mobi.

August

ICD Finnovation Award 2020.

August

Moved the infrastructure of alif mobi to the cloud architecture and developed a new multilingual version of the app from scratch with expanded features, uninterrupted operations for hundreds of thousands of users, the option to manage installments, Visa cards and personalization.

July

$58 mln (debt & equity) Series A fundraising from Jefferson Capital Ltd - a UK-based fund.

July

Signed a funding agreement with the Refinancing Fund to increase public access to financial services and strengthen the microfinance sector in Tajikistan.

July

Reached 500 000 active users of alif mobi app.

May

Attracted $10 million from a fintech sector of IFC and Private Equity company to increase access to digital financial services for the wider population.

May

Signed strategic cooperation agreement with IFC aiming to promote financial inclusion in Tajikistan.

April

First place in the World Islamic Fintech Awards.

April

Launched alif business for corporate clients and private entrepreneurs.

2020

September

Strategic corporation agreement with International Finance Corporation (IFC).

September

Fastest Growing Retail Bank in Tajikistan 2020.

August

Received e-money and payment license in Uzbekistan.

July

Signed corporate governance improvement agreement with IFC.

July

Signed strategic partnership agreement with Visa to strengthen the development of cashless payment in Tajikistan.

April

Started Open School, where anyone can learn the JavaScript programming language for free.

February

CBH Bank (Compagnie Bancaire Helvétique SA) — a Swiss private Bank became shareholder of Alif.

January

Obtained banking license from NBT under the #0000114 and were renamed to Alif Bank.

2019

December

Alif Tech received the status of an IT Park resident in Uzbekistan.

November

Raised additional funds from Khofiz Shakhidi, a successful Tajik businessman in Monaco. As a result of the deal, he became the owner of a 25% stake and Chairman of the Board. The attracted funds allowed us to apply for a full banking license.

September

Opened a free education center

March

Alif Tech LLC as a software developer and Alif Moliya LLC as a financing/trading company were registered in Uzbekistan to provide technical support and POS financing.

2018

October

Developed a website with a personal account where clients can keep track of all the transactions and services they use.

August

Introduced Salom club cards to help people shop online and offline with little effort. To support cards, we also developed special software that turns regular smartphones into POS terminals, that are used by merchants to process Salom transactions.

March 15th

Introduced Nasia, an overdraft card with installments up to 10 days.

January

Launched international remittance services through the alif mobi app.

January

Launched alif mobi — the first mobile wallet in Tajikistan. Today, it is the largest and most widely used mobile wallet among the population.

2017

November

Launched alif pay — the first online payment platform in Tajikistan for the local services by Korti milli card. The system used by Alif was later widely adopted by other banks, ushering in a period of rapid fintech development in the country.

August

Launched the free programming courses.

June

Launched alif shop — the first online store in Tajikistan with the option to purchase consumer goods in installments. Later, it grew to become the largest online B2C marketplace in the country.

March

Joined the national processing center and started issuing Korti milli cards.

January

Launched an in-house Core Banking System software. Core Banking Systems are highly sophisticated banking software that banks typically purchase from major international vendors. Alif took a significant step towards becoming a fintech company by writing and launching its own Core Banking System, which allows to be self-sufficient, fast and flexible.

2016

April

Opened the first deposit account.

March

Obtained a license from NBT to operate a microcredit and depository organization. Since then, Alif has the right to attract deposits, conduct foreign and domestic exchange transactions and offer a wider range of financial products.

February

Established Befoiz product (commission-free) and began to provide installments.

2015

October

Started to develop an in-house customer relationship management software and launched it in early 2016.

2014

June

Receiving loan (investment) for the first time.

April

We obtained a license from the NBT to operate as a microcredit organization and issued the first SME loan.

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portfolio

alif bank

Providing technology and services based on transparency and client orientation. One of the mosttrusted banks in Tajikistan.

alif bank
alif salom

Over 300 000 POS lending users and 83% market share in Tajikistan.

salom.alif.tj
alif shop

Market leader in Tajikistan and fast growing in Uzbekistan.

alif academy

Developing the IT sector and reducing brain drain from the country. Over 2500 programmers trained for free.

alif.academy
alif nasiya

Over 35% of POS lending market share in 14 regions of Uzbekistan.

alifnasiya.uz
alif visa

Over 50% of the Visa payments market in Tajikistan.

visa.alif.tj
alif mobi

Over 50% market share in Tajikistan.

alif pay

Enabling sharia compliant micro finance for UAE expat communities to remit money to their home countries and pay later in short flexible terms

alifpay.ae

a team
dedicated to winning
the hearts

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  • media
  • awards
  • podcasts

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Alif shop became the only marketplace from the CIS that entered the top 100 participants in EWC 2022 among 30,000 other startups.

Alif increased its revenue by more than 150% during the year, and the number of customers exceeded 1 million people.

Gulanor Atobek became the chairperson of Alif, one of the leading banks in Tajikistan.

Alif receives $100 million valuation, raising $8 million in equity and $50 million in debt

Fintech and the growth of Islamic finance

Islamic fintech is primed for growth in 2022

Emerging Europe Talks People. Financial literacy in Tajikistan and Uzbekistan with Zuhursho Rahmatulloev

How the technology industry needs to change for gender equality

Central Asia is on the brink of an Islamic fintech revolution

Digital banking challenger Alif prepares for UK expansion

A summary of the latest Islamic finance news from around the world

Central Asian Islamic challenger bank to expand roots into the UK

Digital banking challenger Alif prepares for UK expansion

Meet the CEO on a mission to create the world’s first Islamic fintech unicorn

How a Tajikistan fintech company created its own ecosystem, opened an IT academy, and attracted $10 million in equity investment (article is in Russian)

Challenger bank Alif secures $58m to expand geographical reach

Challenger Alif Bank secures $58 million to expand geographically

Alif Bank completes issuing of Debit and Premium Visa cards for Tajikistani residents

Islamic finance could be key to effective ESG investing

Fintech and the rise of Islamic finance

alif mobi was ranked as the best platform for online payments (article is in Russian)

How Alif Bank attracted major global investors (article is in Russian)

IT-gap project in Dushanbe (article is in Russian)

Alif Bank became a strategic partner with Google (article is in Russian)

Alif Moliya — a tech banking leader from an emerging Islamic economy

Alif Bank forges ahead with digitalisation program

Tajikistani fintech aims for Shariah compliance and expansion by 2021

Alif Bank looks to further international expansion

Alif subsidiary began to cooperate with the Ministry of Public Education of Uzbekistan (article is in Russian)

IFC and Alif Bank signed a corporate governance agreement (article is in Russian)

Alif provides support for teachers in Uzbekistan (article is in Russian)

Alif is a talent magnet: you can work here whenever you want and whoever you want (article is in Russian)

It's time for Tajikistan to become a start-up nation

Alif Tech became a resident of the IT park in Uzbekistan (article is in Russian)

A Tajik businessman based in Monaco invests in business in his home country (article is in Russian)

Tajikistan’s microfinance organization opens its financial technology company in Uzbekistan

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alif holdings

5 Stratford Place, London, England, W1C 1AX

© 2023 Alif Capital Holdings Limited