Pakistani digital wealth management startup, Mahaana Wealth has announced that it has successfully secured regulatory approvals from the Securities and Exchange Commission of Pakistan (SECP) to introduce technology-led investment management in Pakistan and recently closed a $2.1 million in a pre-seed funding round which will contribute directly to meeting the regulatory capital requirements.    Mahaana […]

Pattern Technologies has successfully raised a six-figure funding led by Deosai Ventures. The six-figure funding round also saw participation from Sabr Capital, Arbisoft, and strategic investors across Singapore, MENA, Europe, and the UK. Founded earlier this year by Yahya Humayun and Syed Wajeeh Haider along with Mahpara Pittafi, Samad Raza, and Talha Ayaz, Pattern is on […]

Pakistani cloud-based human resources platform, Remoty, has successfully raised angel investment in a funding round led by Deosai Ventures. The funding round of angel investment also saw participation from senior executives from Google and Deel, including angel investors like Tayab Tariq from RedBuffer and B2B SaaS industry veteran Usman Butt who has bootstrapped his SaaS […]

Pakistani fintech startup, OneLoad, which targets micro-retailers, has successfully raised $11 million in Series A round to fund a growth phase as it focuses on tapping the world’s third-largest unbanked population. According to the publication, the latest round of investment was led by Sarmayacar and Shorooq Partners, in cooperation with the Bill & Melinda Gates […]

On Thursday, Islamabad-headquartered startup, Dbank announced that the fintech startup has raised $17.6 million in a seed round, the largest in Pakistan, co-led by Sequoia Capital Southeast Asia, the recently unveiled $1 billion fund, and Kleiner Perkins. Brazil’s neobank Nubank, Askari Bank, and Rayn also participated in the seed round, the Pakistani startup said.    […]

On Thursday, Pakistani social commerce startup DealCart announced that it has raised $4.5 million in pre-seed funding. The funding round was directed by Shorooq Partners with participation from Fatima Gobi Ventures, Vibe Capital, 500 Global, i2i Ventures, Julian Shapiro, Rally Cap Ventures, and Alex Lazarow, and several strategic angel investors.   DealCart Provides Underserved Communities […]

E-Commerce startup, Dukan.pk has laid off nearly 25 percent of its employees as startups from all over the world are now working to maintain their profitability in times of decreasing VC fundings. Moreover, as per the initial reportings, the Pakistani e-commerce startup, Dukan.pk had been shut down completely but CEO Monis Rahman confirmed to a […]

Pakistan’s top q-commerce startup, Airlift, has announced to permanently shut down its operations in the country as the finances started to dry up and the company could not secure any fresh funding. According to the company’s executive, The Lahore-based instant-delivery startup will permanently shut down on 12th July. The Startup Failed to Survive the Global […]

On Monday, UAE-based financial tech startup and digital bank ‘YAP’ announced that it had raised $41 million funding and is further targeting raising another roughly $20 million to finance its expansion plans. The investors so far comprised Saudi Arabia’s Aljazira Capital, Abu Dawood Group, Astra Group, and Audacia Capital. YAP said it plans to complete […]

Retailo Technologies, a startup that aims to simplify retail by using technology, has laid off several employees from the engineering department. However, the company hasn’t made any official announcement yet but the affected employees are speaking up on the social media platforms regarding the downsizing. The affectees of the Retailo Technologies’ downsizing Recently, we have […]