Pakistan’s B2B e-commerce startup Jugnu and MENA-based Sary have formed an alliance to transform the future of B2B e-commerce through an initial strategic investment of $22.5 million, accelerating Jugnu’s growth and expansion. This strategic investment in Jugnu’s Series A round, led by Sary with participation from Sarmayacar and Systems Limited, will enable Jugnu to accelerate […]

BankIslami, Pakistan’s leading Islamic financial institution, added another honor to its portfolio by becoming a proud Silver Sponsor of the Management Association of Pakistan (MAP) Convention 2022 held at Marriott Hotel, Karachi. Featuring some of the most notable business leaders from diverse industries across the country, the event brought together visionary individuals who have significantly […]

FundThrough, a financial technology platform, has announced that it has acquired the invoice factoring business of financial technology company BlueVine. The acquisition fast tracks the company’s strategic focus on embedded finance and its expansion efforts in the U.S. market, doubling the number of U.S. clients that will rely on FundThrough to turn unpaid invoices into […]

Rozee, Pakistan’s largest employment platform, announced today that Shahid Hosain Kazi has joined as its new Chief Executive Officer. Shahid Kazi joins Rozee from Finca Microfinance Bank where he served as Chief Operating Officer and until recently was also Acting CEO. Kazi has 27 years of digital technology and financial services experience. While at FINCA, […]

Swyft logistics, a two-year-old tech-based logistics startup with a 30% female workforce has created a “period policy” calling it “Monthlies” to allow employees to take time off during their periods without having to pretend they’re “sick” or face the stigma that lingers around menstruation. Muhammad Uns, CEO of Swyft, said that the policy was specifically […]

Being a frontrunner in empowering societies in the country, Telenor Pakistan has launched its state-of-the-art suite of business solutions to ensure its business customers stay future-ready. With a constantly evolving business environment inducing changes in the way of work and the need for technological solutions, Telenor Business aims to enable businesses of any scale to […]

Committed to its vision of empowering societies and connecting people to what matters most to them, Telenor Pakistan has collaborated with Ola Doc, a startup of Telenor Velocity’s 7th cohort. Through this, 9 million MyTelenor App users will be able to avail of up to 20% discount on doctor’s appointments made through Ola Doc. Ola […]

Rider, a tech-led last-mile delivery partner for e-commerce retailers, has raised US$2.3 million in a seed round led by venture capital (VC) firm Global Founders Capital, Fatima Gobi Ventures, and Asian Development Bank. TPL E-Ventures and Transhold also participated. The Karachi-based B2B2C service was launched in 2019 by Salman Allana, who was previously head of […]

DeafTawk, a startup powered by Jazz xlr8, announced plans to expand its operations globally at a ceremony held to officiate the $250,000 grant it has received under the GSMA Innovation Fund for Assistive Tech. Using this grant, DeafTawk plans to scale up the application and increase its coverage, building the capacity of its interpreters, in […]

Maqsad, a startup building a mobile-first platform to transform education in Pakistan, announced a $2.1 million round of pre-seed funding today. In just three weeks—and entirely over Zoom—Maqsad closed the round, which was led by Indus Valley Capital. Alter Global, Fatima Gobi Ventures, and several individual founders from Pakistan and the Middle East also participated. […]