StrideUp, UK Islamic Fintech, Secures Top 20 Fastest-Growing Startup Rank

Ever feel like the world of finance could be more ethical? Well, here’s some exciting news buzzing from the UK! Imagine a list of the fastest-growing, most innovative startups in the UK and Ireland – the Sifted 100. Now, picture an Islamic digital finance platform not just making that list, but rocketing into the top 20! That’s exactly what StrideUp has done. This isn’t just about another company climbing the ranks; it’s a clear sign that more and more people are looking for financial solutions that align with their values, specifically Shariah-compliant options.

For those unfamiliar, the Sifted 100: UK & Ireland Leaderboard is more than just a list; it’s an annual barometer of innovation and growth potential. Compiled by Sifted, a leading media platform covering the European startup scene, the leaderboard meticulously ranks the 100 fastest-growing startups in the UK and Ireland based on a rigorous analysis of their revenue growth, funding secured, and overall market traction. StrideUp’s impressive debut within the top 20 is a testament to its innovative approach, strong market demand, and effective execution in a sector that is increasingly resonating with a significant segment of the population.

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StrideUp: Pioneering Ethical and Shariah-Compliant Finance

At its core, StrideUp operates within the burgeoning realm of Islamic fintech, a sector that combines the principles of Islamic finance with the power of digital technology. Unlike conventional financial products that often involve riba (interest), which is prohibited in Islam, StrideUp provides ethical and Shariah-compliant financial services designed to align with Islamic principles. This commitment to ethical finance has struck a chord with a growing number of individuals and communities seeking alternatives to traditional banking and lending practices.

Recent expansions to StrideUp’s halal offerings further illustrate its commitment to meeting the evolving needs of its customer base. The platform now includes innovative home purchase plans and buy-to-let options, providing Shariah-compliant alternatives for those looking to invest in property or achieve homeownership without compromising their religious beliefs. This strategic expansion into significant financial milestones like homeownership underscores StrideUp’s ambition to be a comprehensive provider of ethical financial solutions.

The growing demand for financial products aligned with Islamic principles is a global phenomenon, and the UK, with its diverse and multicultural population, represents a significant market. StrideUp’s success reflects a broader trend where individuals are increasingly seeking financial services that not only meet their economic needs but also align with their values and ethical considerations. This demand spans various demographics and is not limited solely to practicing Muslims, as the principles of fairness, transparency, and ethical conduct often resonate with a wider audience.

CEO Sakeeb Zaman on StrideUp’s Remarkable Achievement

The recognition within the top 20 of the Sifted 100 leaderboard has been met with understandable pride and enthusiasm at StrideUp. Sakeeb Zaman, the CEO of the company, articulated this sentiment, stating, “We are incredibly proud to be recognised among the UK’s fastest-growing startups, and that too within the top 20.” His statement highlights the significance of this achievement, not just for StrideUp as a company but for the broader Islamic finance sector.

Zaman further emphasized the deeper meaning behind this milestone, noting, “This milestone is not just a celebration of our growth, it’s a powerful signal that ethical and Shariah-compliant finance is not only viable, but deeply needed.” This perspective underscores the societal impact of StrideUp’s work, demonstrating that financial solutions rooted in ethical principles can indeed thrive and meet a genuine demand within the market.

Looking towards the future, Zaman expressed the unwavering commitment of the StrideUp team: “Our dedicated team remains committed to building inclusive financial products that genuinely empower individuals and communities at large.” This forward-looking statement reinforces StrideUp’s mission to provide accessible and ethical financial solutions that cater to the diverse needs of its customer base, fostering financial inclusion and empowerment within the framework of Islamic finance.

Impressive Growth Metrics and Funding Power

The Sifted 100 ranking is based on demonstrable growth, and StrideUp’s position within the top 20 speaks volumes about its performance. According to the company, StrideUp has secured access to over half a billion pounds (£500 million) in funding, a substantial figure that underscores investor confidence in its business model and growth potential. Furthermore, StrideUp boasts a balance sheet exceeding £250 million, indicating significant asset growth and financial stability. These impressive financial metrics are key indicators of the company’s rapid expansion and its ability to scale its operations to meet growing customer demand.

Beyond the numbers, StrideUp highlights the tangible impact of its ethical financial solutions, stating that it has already helped many families transition away from riba-based products. This achievement underscores the real-world benefit of StrideUp’s offerings, providing individuals and families with Shariah-compliant alternatives that align with their religious and ethical values, ultimately contributing to their financial well-being and peace of mind.

The Broader Landscape of Islamic Fintech in the UK and Beyond

StrideUp’s success story is indicative of a broader trend in the financial services industry, both in the UK and globally. Islamic fintech is experiencing significant growth, driven by increasing demand from Muslim consumers and a growing recognition of the ethical principles underlying Islamic finance.

1. Market Growth: The global Islamic finance market is estimated to be worth trillions of dollars, and the fintech segment within it is experiencing particularly rapid expansion. Factors driving this growth include a young and tech-savvy Muslim population, increasing awareness of Shariah-compliant financial options, and advancements in digital technology that make these services more accessible. Recent reports indicate that the Islamic fintech market is projected for substantial growth in the coming years, attracting significant investment and innovation.
2. UK as a Hub: The UK has emerged as a significant hub for Islamic finance in the Western world, with a well-established regulatory framework and a thriving ecosystem of Islamic financial institutions and service providers. The growth of Islamic fintech companies like StrideUp further solidifies the UK’s position in this global market. The presence of a substantial Muslim population in the UK, coupled with a supportive regulatory environment, provides a fertile ground for the growth of Shariah-compliant financial services.
3. Innovation in Islamic Finance: Islamic fintech companies are leveraging technology to offer innovative solutions across various financial domains, including lending, investment, payments, and wealth management. These innovations are making Islamic finance more accessible, efficient, and appealing to a wider range of consumers. StrideUp’s focus on home purchase plans and buy-to-let options demonstrates this innovative spirit, addressing key financial needs within a Shariah-compliant framework.
4. Global Comparisons: While the UK is a prominent center, Islamic fintech is also experiencing significant growth in other parts of the world, particularly in Muslim-majority countries in Southeast Asia, the Middle East, and North Africa. Comparing the growth trajectories and regulatory landscapes in these different regions can provide valuable insights into the global trends shaping the future of Islamic finance. For instance, Malaysia and Indonesia have made significant strides in developing their Islamic finance ecosystems, including fostering the growth of fintech startups.

StrideUp’s Ascent Signals a Bright Future for Ethical Finance

StrideUp’s impressive ranking among the top 20 fastest-growing startups in the UK and Ireland is more than just a success story for a single company; it represents a significant milestone for the Islamic fintech sector as a whole. It demonstrates the viability and increasing demand for ethical and Shariah-compliant financial solutions in a competitive market. StrideUp’s innovative approach, its commitment to expanding its halal offerings, and its strong financial performance have resonated with both customers and investors.

So, as the global focus on ethical and values-based finance intensifies, StrideUp’s top 20 Sifted 100 ranking for 2025 powerfully illustrates fintech innovation meeting consumer values. This highlights the promising future of Islamic fintech in the UK, with StrideUp leading the way in financial inclusion through accessible Shariah-compliant finance options. Their success, including StrideUp home purchase plans, demonstrates an understanding of the Shariah-compliant finance UK market. Their journey showcases the potential of ethical finance to shape a more inclusive financial world.