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.