Lahore, Pakistan — Accelerate Prosperity, an initiative of the Aga Khan Development Network (AKDN), has announced an investment in KalPay, a Shariah-compliant fintech platform focused on expanding access to affordable and inclusive credit for Pakistan’s underbanked communities.
Operating nationwide from Lahore, KalPay is redefining access to financing for everyday needs through two core verticals: KalPay Taleem, which enables education and skill-development financing, and KalPay Rasayi, which provides short-term, transparent installment solutions for essential products such as laptops, mobile phones, and electric vehicles (EVs). The platform’s diversified model delivers fast, user-friendly financial solutions aligned with the real needs of individuals and families.
KalPay combines Shariah-compliant financial structures with advanced credit-scoring technology and strong partnerships with leading institutions and brands. Through this approach, the company aims to build a more inclusive financial ecosystem that supports upward mobility, quality education, and sustainable livelihoods across Pakistan.
With the new investment, KalPay plans to scale its offerings, deepen its nationwide footprint, and unlock greater access to education and essential assets for thousands of additional households, particularly those underserved by traditional credit systems.
“We’re proud to support KalPay as it drives inclusive growth and reimagines access to finance in Pakistan,” Accelerate Prosperity said in a statement, highlighting the platform’s focus on transparency, affordability, and social impact.
Commenting on the investment, Shershah Hassan, Founder of KalPay, said:
“This investment strengthens our ability to scale Shariah-compliant, transparent financing for education and essential assets, reaching communities that remain underserved by traditional credit systems. Through KalPay Taleem and KalPay Rasayi, we are focused on enabling upward mobility, skills development, and access to tools that improve livelihoods across Pakistan.”
He added that KalPay looks forward to building its next phase with a strong emphasis on impact, operational discipline, and sustainable growth.
