Wincredibles

Wincredibles

Industries

Entrepreneurs

Faisal Zafar

Faisal Zafar

Co-founder

Faisal Zafar is Co-founder of Wincredibles.
Nabeel Saeed

Nabeel Saeed

Founder and CEO

Nabeel Saeed is Founder & CEO of Wincredibles.
$ 0 K
$ 0 K

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Idea

Muslims in most parts of the globe do not or cannot play the lottery (as it's considered haram), hence, this business model is a turn around from the regular lottery mechanism. In a lottery, an individual purchases a ticket, and his odds of winning are 1:504 million, and when the individual does not win, the purchase amount is wasted without any returns. Wincredibles business model works around the concept, in our business model the purchase is made for a commodity (hence halal) and against the purchase of the commodity a lucky draw digital coupon is sent to the individual, the odds of winning are 1:5000 and in case the individual does not win the grand prize, the individual still has the commodity purchase for example a t-shirt / or a cap or pen etc. To date, our winners have won grand prizes like iPhones, Samsung phones, Louis Vuitton bags, etc.

Challenge

This start-up solves the problem of a shariah-compliant lottery business that's halal and exciting to participate in.

Solution

Gives Muslims across the globe the opportunity to play the lottery along with purchasing commodities.

Story

For the longest time, my wife used to take me to a supermarket which was far away from our residence (although there were other supermarkets nearer), however we still ended up going to the first one which was far off. The reason why we kept on going there month after month was that the supermarket offered a lucky draw scheme on the purchase of monthly groceries once the bill crossed $100. Although in a span of 4 years we only won ONE dinner set, the excitement of the chance of winning was exhilarating. Based on the same concept, Wincredibles was developed with non-perishable commodities.


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Wincredibles's News (1)

Wincredibles Joins FasterCapital’s LaunchUp Program to Scale Its Halal Lottery-Inspired Business Model
22 Feb 2025

Wincredibles Joins FasterCapital’s LaunchUp Program to Scale Its Halal Lottery-Inspired Business Model

Wincredibles, a United States-based startup revolutionizing the lottery industry with a halal, Shariah-compliant alternative, has joined FasterCapital’s LaunchUp program to accelerate its growth. The company is raising $3 million to expand its operations and reach a wider audience.

Founded by Nabeel Saeed, Wincredibles offers a unique model where customers purchase a commodity such as a t-shirt, cap, or pen and receive a lucky draw digital coupon with significantly better odds than conventional lotteries. Unlike traditional lottery systems, where a non-winning ticket results in a complete loss, Wincredibles ensures that every participant retains the purchased commodity while having a fair chance at winning high-value prizes like iPhones, Samsung phones, and luxury items.

Commenting on the partnership, Bashar Hamood, Venture Partner at FasterCapital, said:

"Wincredibles is tapping into a large, underserved market by providing a lottery-inspired experience that aligns with Islamic principles. Their innovative model has the potential to disrupt the industry while ensuring inclusivity for millions of Muslims worldwide."

Nabeel Saeed, Founder and CEO of Wincredibles, expressed enthusiasm about the collaboration:

"Partnering with FasterCapital through the LaunchUp program is a significant milestone for Wincredibles. This support will help us enhance our platform, expand our customer base, and raise the $3M needed to scale our operations effectively."

Wincredibles aims to provide a thrilling yet ethical alternative to conventional lotteries, ensuring that every participant walks away with value either as a prize winner or with a quality product purchase. Through its participation in FasterCapital’s LaunchUp program, the company is set to refine its business model, enhance its market reach, and strengthen its positioning in the global market.

 

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