THE NATIONAL – Apr 16 – There are "enormous" money-making opportunities in online dating, says Victor Anthony, managing director of Internet and media at Aegis Capital. "Players with scale will continue to dominate the market, but there are also opportunities for niche operators to compete as well." One such niche operator is Muzmatch, a dating app for Muslims based in Aldgate, central London. The company was set up four years ago by Shahzad Younas, a former investment banker at Morgan Stanley, and software engineer Ryan Brodie, with the aim of helping young professional Muslims find partners within the community. It is backed by Hambro Perks, a venture firm co-founded by City veteran Rupert Hambro and former investment banker Dominic Perks, which backs British businesses with global ambitions. In January, Muzmatch raised £1.5M to expand internationally. Joining is free, but users can opt for a premium subscription which costs £19.99.
by Noor Nanji
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