Saudi Fintech EdfaPay Expands to Pakistan Following $5 Million Pre-Series A Funding

Saudi Fintech EdfaPay Expands to Pakistan Following $5 Million Pre-Series A Funding Round

Riyadh, Saudi Arabia — EdfaPay, a leading fintech platform in Saudi Arabia, has successfully raised $5 million in a Pre-Series A funding round. The investment was led by OmanTel Innovation Labs, with participation from Aljabr MENA and Waad Investment. The funding will bolster EdfaPay’s presence in Saudi Arabia while driving its strategic expansion across the MENA region and into Pakistan. The…

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U Bank and Fri-Chicks Sign MoU

U Bank and Fri-Chicks Sign MoU to Facilitate Existing Franchises & Future Expansion

Lahore, Pakistan – U Microfinance Bank, a wholly-owned subsidiary of Pakistan Telecommunication Company Limited (PTCL), has announced a strategic partnership with Fri-Chicks, one of the fastest-growing fast-food chains in Pakistan. This collaboration aims to facilitate the rapid expansion of Fri-Chicks’ franchise network through the provision of working capital term loans, along with cash collection and…

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