Pakistan’s Maqsad raised the nation’s largest funding round by an education technology provider, showing that some startups in the nascent market are attracting investors despite a global venture financing slump.
Pakistan’s banks face a chicken-and-egg problem when it comes to lending money to their customers. They lack the data on customers’ credit histories that they need in order to decide whether to lend; but until they start lending, they won’t amass any of that data. Enter AdalFi, a Lahore-based fintech, which has developed a technology-driven solution to help break the logjam.
Despite the challenges presented to the venture capital industry and the start-up ecosystem over the past year, startups in Pakistan recorded a 17% year-on-year increase in total venture…
Open Banking platform Lean Technologies today announced that it has received its Financial Services Permission (FSP) to carry out the regulated activity of providing Third Party Services from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM), the international financial centre of the capital of the UAE.
Investment in one of Pakistan’s leading B2C eCommerce platform will enable the startup to acquire customers, add new products and expand its network of partners ISLAMABAD, August 30,…
The pilot approval is the second step towards receiving a full payment service provider licence and was granted based on Safepay fulfilling the SBP’s stringent criteria.
Founded by Haider Raza and Ammar Naveed, DealCart wants to address the low usage of e-commerce among middle and lower-income segments in Pakistan.
Lahore-based coworking space COLABS seeks to empower entrepreneurs and freelancers through its spaces and tech platform across Pakistan.
Trucking marketplace startup’s new round was co-led by Global Founders Capital and Fatima Gobi Ventures
Pakistan has seen exponential interest in the past two years, with Bloomberg reporting that Pakistani startups raised over US$300 million in 2021 alone.
KSA-based Lean Technologies closes US$33 million in Series A — the round marks Sequoia Capital’s first investment in the Gulf region.
2021 has been a year of record-breaking growth for Pakistan’s vibrant startup ecosystem, and we’re proud to have continuously backed Pakistani entrepreneurs as the most active venture capital investor. Our portfolio now includes 18…
Pakistan’s Tazah Technologies , a B2B fresh produce marketplace, closes US$6.5 million — the largest pre-seed round in Pakistan to date.
Karachi, November 09, 2021 – Pakistan based fintech Savyour, which developed the country’s first cashback app and pay-per-sale affiliate marketing network, has raised US$3.3 million in a seed round…
Udhaar Book, a super app for small businesses, raised US$6 million in seed funding from Fatima Gobi Ventures, Muir Capital, JAM Fund, Commerce Ventures, Soma Capital, Liberty City…
Karachi, Pakistan, November 3, 2021: Trellis Housing Finance Limited (Trellis), an SECP licensed Housing Finance Company based in Karachi, has raised an investment round led by local and…
A digital wholesale platform for social sellers & retailers, Zarya will use this pre-seed round to expand its team and scale its offering.Zarya, a B2B platform for small…
Rider closed a US$2.3 million seed round led by Global Founders Capital, Fatima Gobi Ventures and ADB Ventures (the Asian Development Bank’s venture arm). Local investors TPL E-Ventures…
With an accelerated interest in Pakistan‘s ecosystem, we are happy to announce CDC Group, a leading financial institution from the United Kingdom has become our anchor investor in…
The new funds injection will boost Techxila Fund I’s investments in early-stage tech companies across Pakistan
Founded by childhood friends Taha Ahmed and Rooshan Aziz, Pakistan based ed-tech Maqsad is addressing the challenges within the Pakistani education system.
The startup has raised the largest ‘pre-seed round’ for any trucking startup in the world.
Forbes Asia showcases 100 Asia-Pacific companies and startups that are on the rise, bullish and agile even throughout the pandemic.
Recent flurry of foreign investors has helped increase round sizes significantly as 20 of the 35 deals were worth more than $1m.