Tag: Pakistan

EdfaPay, a Riyadh-based FinTech platform redefining digital payments for small and medium-sized enterprises (SMEs) across the MENA region, has announced the successful closure of its $5m pre-Series A funding round.

Neem, a leading embedded finance platform based in Pakistan, has recently enhanced its financial capabilities through a new $4m credit facility provided by DNI Group, a global investment firm active in 32 countries and a continuing investor in Neem.

Cadana, a global payroll technology company specialising in emerging markets, has announced it raised $7.4m in funding.

Mashreq has revealed its successful incorporation in Pakistan as it looks to drive digitisation and financial inclusion.

Neem, a financial wellness platform for Pakistan underbanked communities, has raised $2.5m in its seed funding round.

Pakistan-based FinTech company Abhi has reportedly raised $17m in its Series A funding round, which values the company at $90m.

Pakistan-based Bazaar, a B2B e-commerce and FinTech platform, has secured $70m in its Series B funding round, as it looks to expand its suite of digital products.

The National Bank of Pakistan has agreed to pay $55m in fines imposed on its New York branch by three US regulators.

Pakistani FinTech NayaPay has raised $13m from a seed funding round that is one of the largest ever seed rounds in South Asia.

Abhi, a Pakistan-based FinTech that helps people early access to earned wages, has reportedly raised funding at a $40m valuation.