Proparco Partners with Kashf Foundation

Proparco Partners with Kashf Foundation Through $15M Loan to Empower Women Entrepreneurs in Pakistan

Lahore, Pakistan — Proparco has announced the renewal of its partnership with Kashf Foundation through a $15 million loan aimed at empowering women entrepreneurs and expanding Kashf’s client base. This marks the third collaboration between the two organizations since 2017, underscoring a shared commitment to advancing financial inclusion and gender equality in Pakistan. Founded in…

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Pakistan ready to take the lead in Shariah-compliant financing; says SECP Chief

Pakistan ready to take the lead in Shariah-compliant financing; says SECP Chief

Karachi, December 4, 2024 — The Securities and Exchange Commission of Pakistan (SECP) Chairman, Akif Saeed, has emphasized the country’s growing prominence in Shariah-compliant financing, stating that Pakistan’s regulatory compliance in capital markets aligns with global standards. This positions the country as a potential leader in Islamic finance. Addressing a press conference ahead of the…

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Every Company Will Be a Fintech Company

Every Company Will Be a Fintech Company

In the early 2000s, the tech industry often repeated the phrase, “Every company will be a tech company.” This prediction largely materialized as businesses across sectors adopted technology to stay relevant in a rapidly digitizing world. Now, as we navigate the complexities of a more interconnected digital economy, a new mantra is taking hold: “Every…

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Neem secures $4 million Credit Facility from DNI Group

Neem secures $4 million Credit Facility from DNI Group to scale its Earned Wage Access Solution across Pakistan

KARACHI, PAKISTAN [5th November 2024] — Neem,  a leading embedded finance platform in Pakistan, has secured an additional $4 million credit facility from DNI group, a global investment firm operating in 32 countries and an existing partner/investor in Neem, to expand Neem Paymenow, its earned wage access solution, across Pakistan. This partnership marks a pivotal…

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Mobilink Bank and GROWTECH Partner

Mobilink Bank and GROWTECH Partner to Empower Over 190,000 Farmers with Digital Banking, Agri Loans, and Green Financing Solutions

In a major step toward empowering Pakistan’s agricultural sector, Mobilink Microfinance Bank (MMBL) has announced a strategic partnership with GROWTECH Services, aimed at providing critical digital banking services and financial solutions to over 190,000 farmers nationwide. This partnership underscores MMBL’s commitment to enhancing financial inclusion for the agricultural community, a key pillar of Pakistan’s economy….

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JazzCash and CIRCLE Women Association Join Forces

JazzCash and CIRCLE Women Association Join Forces to Empower Women Through Digital Literacy and Financial Inclusion

In a groundbreaking collaboration aimed at fostering economic empowerment among women, CIRCLE Women Association and JazzCash have announced a strategic partnership. This initiative, spearheaded by CIRCLE’s CEO and Founder, marks a significant milestone in the quest for gender equality and financial inclusivity. Under the partnership, CIRCLE members, particularly micro and small women entrepreneurs, will gain…

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Agrilift and HBL Forge Partnership

Agrilift and HBL Forge Partnership to Enhance Financial Inclusion for Farmers

In a groundbreaking announcement made at the Pakistan Agricultural Coalition conference held in Lahore, Agrilift and HBL (Habib Bank Limited) have formally declared a strategic partnership aimed at bolstering financial inclusion within the farming community. The collaboration centers around the introduction of Agrilift Smart Risk, a pioneering initiative designed to revolutionize credit assessment processes and…

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Mobilink Microfinance Bank Reports Impressive Q1-2024 Financial Results

Mobilink Microfinance Bank Reports Impressive Q1-2024 Financial Results by Doubling its Revenue

Mobilink Microfinance Bank, Pakistan’s leading digital microfinance institution, has announced a remarkable 97% increase in revenue during the first quarter of 2024 compared to the same period last year, setting the stage for a powerful start to the year. The bank’s Profit before Tax (PBT) also experienced significant growth, soaring by 110%. This robust financial…

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Telenor Microfinance Bank Announces PKR 1.2 Billion Pre-Tax Profit

Telenor Microfinance Bank Announces PKR 1.2 Billion Pre-Tax Profit for Financial Year 2023

Telenor Microfinance Bank (TMB), the operator of Pakistan’s leading digital financial services platform easypaisa, has announced its financial results for the year ending December 31, 2023, showcasing a significant turnaround with a profit before tax amounting to PKR 1.2 billion. The impressive performance comes on the heels of securing the In-Principle Approval for a Digital…

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Muawin Partners with Yango

Muawin Partners with Yango to Introduce Fuel Credit Solutions for Ride-Hailing Drivers in Pakistan

In a strategic move aimed at addressing the pressing concerns of ride-hailing drivers in Pakistan, Muawin has forged a partnership with Yango to introduce innovative fuel credit solutions. This collaboration will empower Yango’s partner drivers to access fuel on credit at various Shell fuel stations across the city, all managed seamlessly through a user-friendly mobile…

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