Microfinance has come a long way in Pakistan but has an even longer way to go before the industry can claim it has had a meaningful impact at the bottom of the pyramid. The current active base is 4.7 million customers in …Continue reading
Making Digital Lending Work
While digital financial services offered through mobile wallets are considered the solution to problems of financial inclusion in developing countries, the rate of adoption of these wallets has not been as promising as expected in Pakistan. A deeper analysis of the problem …Continue reading
The Dawn of Pakistan’s Fintech Boom
After spending 18 years in the commercial banking sector, Qasif Shahid recently quit his job and started his own company. He raised $1 million in venture capital to introduce a digital wallet that will allow users to minimize their reliance on hard …Continue reading
Partnerships in the New Age of Financial Services
If you are a young fintech startup in Pakistan aspiring to ride the fintech wave, you might find yourself stumbling on the edges, unable to strike the right balance to make it to the mainstream. You ask yourself, “How does one pull …Continue reading
Finja Receives $1.5 Million in Series A Funding
Finja, a Pakistani fintech startup, secured $1.5 million in series A funding on Wednesday. Swedish company Vostok led the round. This is not Vostock’s first investment in the Pakistani startup; the company had invested in Finja through a convertible note last year. …Continue reading