LAHORE: Taro Techn­ologies, a Lahore-based emerging Fintech startup, has secured $3.5 million in pre-seed funding through a combination of strategic partnerships and angel investors to launch a Buy-Now, Pay-Later (BNPL) venture in Pakistan.

As part of their pre-seed round, the company has partnered with Dubai-based Cashew Payments — a BNPL leader in the Gulf Cooperation Council (GCC) — to accelerate its 2022 Q1 launch and growth.

“This partnership will enable us to be an established player straight out of the gate. Moreover, our collaboration with Cashew provides critical insights into risk, merchant acquisition, operations, and customer retention,” said Mustafa Khan, CEO of Taro Technologies on Tuesday.

“This partnership has put a Pakistani company on the global tech map for online instant financing solutions,” he added.

Published in Dawn, January 19th, 2022

Opinion

Editorial

Wise counsel
Updated 04 Jul, 2022

Wise counsel

Fuelling the fires of communalism for petty political gains is dangerous and can have a long-lasting impact on India’s stability.
Hazardous waste
04 Jul, 2022

Hazardous waste

GIVEN we have not yet developed streamlined systems for managing locally produced hazardous waste, we are inviting...
Mob ‘justice’
04 Jul, 2022

Mob ‘justice’

OVER the past few days, a string of deadly incidents has been reported from Karachi in which enraged mobs have...
Skyrocketing prices
Updated 03 Jul, 2022

Skyrocketing prices

Some sellers are seeking to take advantage of the prevailing disorder by creating artificial shortages or jacking up prices.
Flooding alert
03 Jul, 2022

Flooding alert

THE Gilgit-Baltistan government has issued an alert about the possible flooding of areas along river banks and...
Assaulting journalists
03 Jul, 2022

Assaulting journalists

ANOTHER day, another citizen roughed up for speaking his mind. The assault on veteran journalist Ayaz Amir by...