Fintech startup ZAR secures $12.9M led by a16z to expand access to dollar-backed stablecoins for Pakistan’s unbanked through local kiosks and remittance agents. Dollar Access for the Unbanked Fintech startup ZAR has raised $12.9 million in a funding round led by Andreessen Horowitz (a16z), with participation from Dragonfly Capital, VanEck Ventures, Coinbase Ventures, and Endeavor […]
Bahrain, Manama – [28-09-2025]: Ajyad Capital, a leading investment management firm licensed by the Central Bank of Bahrain (CBB), has announced a new strategic partnership with prime global brokerage EXANTE which extends Ajyad’s global reach, providing investors with exposure to a wide range of financial instruments in international markets, through its upcoming digital investment platform. Commenting on the […]
Pakistan-based mobility startup BusCaro has secured $2 million in fresh funding to scale its tech-driven daily commute services for students and corporate employees across major cities. The latest round, led by Daman Investments with participation from Cartography Capital, Epic Angels, Wahed Ventures, Accelerate Prosperity, and angel investors, brings Buscaro’s total funding to $3.5 million. Founded […]
Ajyad Capital, a leading Shari’ah-compliant investment firm established in Bahrain and licensed by the Central Bank of Bahrain since 2003, today announced a strategic partnership with Ratings Intelligence, a UK-based provider of Shari’ah advisory services. This collaboration will integrate advanced Shari’ah-compliance technology into Ajyad Capital’s upcoming fully digital trading application, made for investors throughout the […]
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has introduced a new category of Venture Capital Fund, titled “Angel Fund”, aimed at channeling investments into early-stage startups. In a notification issued on Monday, the SECP announced amendments to the Private Fund Regulations, 2015, to create the new structure. The Angel Fund is defined as […]
KARACHI – UAE-based technology company Yango Group, through its $20 million corporate venture arm Yango Ventures, has acquired a stake in Pakistani fintech Trukkr, marking its first investment in the country. Trukkr, founded in 2019, serves Pakistan’s $35 billion logistics market by digitizing operations for over 20,000 drivers and more than 100 enterprise clients. The […]
Islamabad — Sustainable fashion startup Pakhtun Wardrobe has announced the successful completion of a comprehensive due diligence process and the receipt of committed funds from Shark Tank investor Junaid Iqbal, Founder & CEO of Salt Ventures, and Shezad Mumtaz, CEO of Allied Services, a market leader in human resources. Founded in 2015 by Haris Badar, […]
Myco wins in Investment & Saas Business with support of PakLaunch. In a historic leap for Pakistan’s digital economy, Myco, the fastest-growing video streaming platform in the country, has made global headlines by winning the grand finale of Meet the Drapers, a global startup reality show in Silicon Valley that featured over 2,000 startups around […]
E-commerce platform Bazaar Technologies announced Wednesday that it has acquired payments company Keenu for an undisclosed amount. According to a statement, “this marks the first time a major Pakistani e-commerce company is bringing payments infrastructure in-house – a strategic move with transformative potential for millions of consumers and businesses across the country.” “This is more […]
Karachi, Pakistan — July 1, 2025 — Neem, Pakistan’s leading embedded finance platform, has secured a PKR 100 million credit facility from HBL, Pakistan’s leading bank.. The facility will be used to scale Neem Paymenow, Neem’s Shariah-compliant earned wage access solution, marking a strategic partnership rooted in a shared commitment to financial dignity and resilience […]