Fintech Archives

NayaPay secures $13 million funding round to expand Pakistan’s digital payments

A Pakistan-based fintech platform, NayaPay, has raised $13 million in one of the biggest seed rounds in South Asia. Bringing together a...

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Pakistani fintech CreditBook raises $11 million led by investment firm Tiger Global

Pakistani startups have raised more than $300 million this year alone, more than in the preceding six years combined. CreditBook, a Pakistani...

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Jack Dorsey’s Square changes corporate name to Block

Square, a financial services firm co-founded by now-former Twitter CEO Jack Dorsey, has changed its name to Block. Square has extended outside...

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Pakistan-based fintech Savyour raises $3.3 million in seed round

Pakistan-based fintech Savyour, an innovator in emerging the country’s first cashback app and pay-per-sale associate marketing network, succeeded to raise $3.3 million in...

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Pakistani fintech Dastgyr raises $3.5 million in seed round

Pakistani fintech Dastgyr has raised a $3.5 million seed round led by SOSV, takes the total capital secured so far to $4 million, including the angel...

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Government to investigate why PayPal is not operating in Pakistan

On Wednesday, a parliamentary committee ordered the finance secretary to convene a conference with all parties to investigate why PayPal is not...

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Pakistani startup ‘Abhi’ raises $2.1 million for its salary advance platform

Karachi based fintech firm Abhi has raised more than $2 million for their seed round in order to launch salary advance platform...

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PayFast becomes first payment gateway to get commercial license from SBP

Karachi: PayFast, the indigenous payments solution by APPS, is now the first payment gateway in the country to receive a commercial license...

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Pakistani fintech CreditBook secures $1.5 million in seed funding

CreditBook, a Karachi-based fintech startup, has received $1.5 million in seed funding from Pakistan’s BitRate VC and Dubai’s VentureSouq. Better Tomorrow Ventures, Ration Ventures, Toy...

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JazzCash leads mobile money market by surpassing Easypaisa

JazzCash takes the lead in the mobile money market after surpassing the pioneer Easypaisa share of the mobile money market users in...

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Pakistani fintech PayPro gets Rs 7.4 million funding from USAID

PayPro, a fintech startup has announced that it had received a grant amounting to Rs 7.473 million from USAID Small and Medium...

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Pakistani startup Safepay secures funding from US fintech giant Stripe

Karachi-based fintech startup Safepay announced raising a seven-figure seed funding round led by global financial services company Stripe, among other investors. Besides...

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K-Electric join hands with Avanza Solutions for real time payment system

The K-Electric (KE) has joined hands with Avanza Solutions, one of the leading fintech organizations across the globe, to implement Real Time...

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SBP issues pilot approvals for payment digitization operations to seven PSO/PSP

In order to create a payment digitalization system landscape, SBP has given its nod to seven new Payment System Operators/Payment Services Providers...