Pakistan

BNPL Emerges as New Favorite Payment Option in MENA-Pakistan

In the Middle East, North Africa and Pakistan (MENAP) region, exponential growth in the e-commerce market is fueling the rise of newer methods of paying, with buy now, pay later (BNPL) arrangements, in particular, emerging as the new favorite payment

Read More

Funding Momentum to Continue in Pakistan Fintech Sector

2021 was a blockbuster year for Pakistani startups, which raised a total of US$352 million, data from Invest2Innovate, a local consultancy firm, shows. Out of that sum, 27% was raised by fintech startups, or US$95 million (excluding Bazaar’s combined US$36.5

Read More

Pakistan’s Digital Ledger CreditBook Picks Up US$11m From Tiger Global and Others

Pakistan-based digital bookkeeping solution CreditBook has raised US$11 million in a pre-Series A round. The round was led by Tiger Global and Firstminute Capital, and marks the first investment in Pakistan for both firms. Participating investors included VentureSouq, Ratio Ventures

Read More

Pakistan’s PostEx Closes US$8.6m Seed for Its Ecommerce Fintech Solution

Pakistan-based ecommerce fintech company PostEx has closed a US$8.6 million seed funding round, one of the largest early-stage funding deals to be seen in Pakistan. The Lahore-based startup raised the funding in multiple tranches, with the latest led by Global

Read More

Jumo Secures US$120m to Scale Its BaaS Platform

South Africa-headquartered AI-based banking-as-a-service platform Jumo announced in a statement that it has raised US$120 million from new and existing backers. The round was led by Fidelity Management & Research Company, an investment advisory firm owned by the Johnson family,

Read More

Pakistan’s Udhaar Book Secures US$6m for Digital Book-Keeping App

Pakistan-based MSME-focused cash flow management platform Udhaar Book has raised US$6 million in seed funding to digitise credit in retail shops in Pakistan. The funding was raised from Fatima Gobi Ventures, Muir Capital (by Plaid co-founder William Hockey and other

Read More

Pakistan’s Nascent Fintech Ecosystem Gets a Boost

Despite a growing population and a large pool of unbanked, Pakistan has been a relatively slow-mover within the digital finance space, but new opportunities brought about the COVID-19 pandemic and government-led initiatives are expected to fuel growth. Out of a

Read More

Pakistan Digital Banking Startup Secures Record Seed Round

Pakistani digital banking startup Tag has secured over US$12 million in the largest seed funding round to have taken place in South Asia. With the fundraise, Tag’s valuation now stands at US$100 million, TechCrunch reported, with the company closing the

Read More

8 Pakistani Fintech Startups You Need to Know in 2021 and Beyond

Pakistani fintech startups are making their mark in what is a relatively small but growing startup ecosystem. In Q1 this year, Pakistani fintech startups fetched funding of US$19.3 million in what Bloomberg called a fintech “startup funding rush.” Of this,

Read More

Thunes and Bank Alfalah Launch Cross-Border Payments in Pakistan

Singaporean fintech Thunes has announced a partnership with one of Pakistan’s largest banks, Bank Alfalah. The partnership will enable the global payments fintech to offer cross-border payments in Pakistan, a statement said. Both Abu Dhabi Group-owned Bank Alfalah’s clients and

Read More