What it sells
Blockchain-based Shariah-compliant mutual protection (takaful) pools where communities insure each other via smart contracts, with LifeDAO and savings/loan products.
Business model breakdown
Buyer: who owns the budget?
UnverifiedIndividuals and families joining a Shariah-compliant protection pool (retail members paying yearly contributions in USDC).
Trigger: what makes them buy now?
UnverifiedDistrust of costly, opaque traditional insurance that is not Shariah-compliant and requires medical tests.
Workflow: what inputs become what output?
Join a protection community, contribute to the shared fund, smart contracts automate payouts, earn trust and rewards.
Economics: what it saves and how it charges
UnverifiedNon-profit pool model: more than two thirds of contributions go to benefits and surplus; surplus is redistributed to members. Takadao earns from building and running the platform (fee model not stated).
Distribution: how it reaches customers
UnverifiedOnline self-serve membership via the LifeDAO website, community-led and crypto-native (Become a Member).
Funding history and coverage
| Round date | Stage | Amount | Investors | Source |
|---|---|---|---|---|
| 2025-12-01 | — | $3.1M | Hasan.VC | news.google.com |
Profiles summarize public reporting and company websites. Business-model notes are MaxBC's reading of that material, not confirmed facts; unknowns are left blank rather than guessed. Updated 2026-10-13.