Tag: Pakistan

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.

QisstPay, a buy now, pay later (BNPL) company from Pakistan has raised $15m across its seed and pre-seed funding round to expand its team and services.

Tag, a digital banking platform for consumers in Pakistan, has reportedly collected $12m in a funding round it claims to be the largest in seed round in the South Asian market.

Abhi, which helps employees get early access to accrued wages, has reportedly raised $2m in its seed funding round.

DigiKhata has won a $93,632 grant in the Karandaaz Financial Inclusion for Women Challenge 2020.

Pakistan-based Finja has collected $9m in its Series A funding round, which will help it to scale its product and marketing efforts.

Dubai-based Jingle Pay is a new challenger bank that has announced plans to change the banking world for millennials in the Middle East.

Pakistan is hoping to be removed from the Financial Action Task Force’s (FATF) grey list soon after it improved its foreign and internal policies.