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- Ficus Capital Fund Backs Klean with US$429,000
Ficus Capital Fund Backs Klean with US$429,000
Ficus Capital, the pioneering Islamic ESG-i venture capital firm, has committed US$429,000 (RM2 million) to Klean, a leading green technology recycling company.
Investment Purpose: The funds will bolster Klean’s container recovery initiatives, expand its network of reverse vending machines (RVMs), and enhance operations in Malaysia, Indonesia, Singapore, and Fiji.
Innovative Technology: Klean’s AI-driven RVMs incentivize recycling by rewarding users with redeemable points, and their Global Green Tag Certification ensures top-tier sustainability standards.
Ficus SEA Fund: Launched in November 2021, this fund targets high-potential tech startups in sectors like logistics, fintech, healthtech, and greentech, promoting sustainable growth based on Shariah principles.
Leader Insight: Abdullah Hidayat Mohamad, Managing Partner of Ficus Capital, emphasized the firm’s dedication to ESG-i principles and the rising global demand for ethical and sustainable investments.
Ficus Capital’s investment in Klean underscores a robust commitment to sustainable and ethical investing in the ASEAN region.