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
PlanX Set to Host Fintech Conference
A Fintech Conference, organised by PlanX Technology Accelerator of the Punjab Information Technology Board (PITB), will be held on Thursday, September 21. The conference aims to highlight the challenges faced by Fintech startups in Pakistan and propose solutions for the entrepreneurial ecosystem of …Continue reading
With Global Trade Finance Gap at $1.5 Tr, a Third of Firms Studied Pin Hopes at Fintech
Access to credit continues to be a cause for concern for businesses, resulting in a global trade finance gap of $1.5 trillion in 2016, says an Asian Development Bank (ADB) brief released on Tuesday. The brief followed publication of fifth in a …Continue reading
CreditFix – Approving Borrowers That Other Lenders Have Missed
The World Bank states that approximately 100 million adults in Pakistan don’t have access to formal and regulated financial services. This means that more than 50 per cent of Pakistanis don’t have access to formal credit because they can’t be profiled through …Continue reading