Company says funding will "further its mission of bringing financial wellness to Pakistan’s underbanked communities".
SBP and SECP need to realise customers also deserve at least some of the benevolence they bestow upon their subject entities.
SnappRetail offers retailers point-of-sale tools and a digital operating platform that helps traditional retailers to grow margins and revenue.
Paypal founder Peter Thiel, the latest high-profile addition to investors, says there is hope for Pakistan.
"PostEx will now service 1.3 million users with over 8,000 merchants across 500 cities in Pakistan," says company.
The platform, which claims to have achieved 500pc revenue growth YoY, is backed by PayPal founder Peter Thiel.
The new service has been launched in Islamabad and Karachi in the first phase.
The pilot approval is the second step towards receiving a full payment service provider licence.
The absence of local money deprives the ecosystem of a major avenue for growth capital and limits mergers and acquisitions.
Ed-tech startup OrbitEd raises $500,000 in pre-seed round; CaterpillHERs partners with Upwork for freelancing coaching.
Over the last few years, the market for banking technology providers has substantially improved.
Says it will use the funding to further product development and team expansion.
Recurring fuel rate shocks not only disproportionately burden riders but also put in question the future of logistics companies.
Businesses continue to use traditional methods of payment in the absence of appropriate options.
Expanding access to credit is a huge problem to solve but cracking it requires some groundedness in the fundamentals of finance.
Instant credit apps charge exorbitantly high rates while luring customers with misleading terms, and are completely unregulated.
The round was led by VEON Venture — the corporate venture arm of Jazz Pakistan’s parent company — with a contribution of $15m.
A smattering of measures for IT may hamper more than help.
The veil of pretence has been taken off. All that conference speak of disrupting traditional business models and...
There is a strong appetite among average people to take exposure to various asset classes, even the riskier ones if given a simple