Company Performance Metrics
Hagbad is a financial technology company that digitizes traditional rotating savings and credit associations through a mobile app. The platform focuses on culturally rooted group savings systems such as the Somali hagbad and ayuuto, translating informal cash-based arrangements into structured digital savings circles. It offers automated payments
from UK bank accounts, transparent payout schedules, and in-app tracking to reduce manual errors and missed contributions. Hagbad operates on interest-free, Sharia-aligned principles to support users seeking ethical, halal finance options. The app also incorporates a Sadaqah Pot, a shared hardship fund designed to provide financial support for members facing unexpected difficulties. In addition to savings management, Hagbad develops capabilities for financial literacy education and structured credit score building to support longer-term financial stability for its users.
