About FinTech sector in Karachi, Pakistan
The FinTech sector in Karachi, Pakistan comprises 164 companies, including 34 funded companies having collectively raised $252M in venture capital money and private equity. Out of these, 9 are Series A+ funded.
FinTech sector in Karachi, Pakistan has seen 3 acquisitions.
This sector includes companies offering tech-enabled financial services and IT infrastructure and software for offering and managing financial services.
FinTech sector is also known as BFSI Tech.
Companies providing tech solutions to provide financial services like lending, banking, fundraising, insurance, etc are included in this sector. Companies offering traditional financial services like Banks, NBFCs, Insurance Carriers, etc are excluded.
Top FinTech Companies in Karachi, Pakistan
There are 164 FinTech startups in Karachi, Pakistan which include Bazaar, Abhi, NayaPay, TPL Insurance, CreditBook. Out of these, 34 startups are funded, with 9 having secured Series A+ funding.
Over the past 10 years, an average of 8 new companies have been launched annually. Notably, several of these startups have been founded by alumni of INSEAD, London Business School (LBS) and London School of Economics and Political Science.
Here is the list of top FinTech startups in Karachi, Pakistan
1. Bazaar
Platform offering an operating system for general purpose. It helps to build an operating system for traditional retail systems. It provides a solution to purchase all the products for the store and maintain the accounts in the khata app. The platform offers features like the point of sale management, supply chain management, digital lending, etc. The mobile application is available for play store users.
Key facts about Bazaar
- Founded Year: 2020
- Location: Karachi (Pakistan)
- Stage: Series B
- Total Funding till date: $108M
- Investors: Indus Valley Capital, Dragoneer Investment Group and 14 Others
- Latest Funding Round: Series B, Mar 15, 2022, $*****
- Tracxn Score: 69/100 What is this?
- Competitors Rank: 1 of 38 Competitors
2. Abhi
Online platform for payday loans. It offers a solution that enables employees to access the earned wages before payday. It enables employers to approve and monitor the advances of the employees. Employees can request salary advances via mobile applications and chat option.
Key facts about Abhi
- Founded Year: 2021
- Location: Karachi (Pakistan)
- Stage: Series A
- Total Funding till date: $19.1M
- Investors: VEF, Global Ventures and 23 Others
- Latest Funding Round: Conventional Debt, Oct 17, 2024, $*****
- Tracxn Score: 67/100 What is this?
- Competitors Rank: 2 of 4 Competitors
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3. NayaPay
Key facts about NayaPay
- Founded Year: 2015
- Location: Karachi (Pakistan)
- Stage: Seed
- Total Funding till date: $13M
- Investors: Zayn Capital, MSA Novo and 5 Others
- Latest Funding Round: Seed, Feb 24, 2022, $*****
- Tracxn Score: 61/100 What is this?
- Competitors Rank: 41 of 2,437 Competitors
Provider of general insurance products directly to consumers and corporate clients. It utilizes technology to protect assets, offering customer service. The company provides auto, bike, travel, home, health, group health, micro health, mobile, property, fire, business interruption, terrorism, marine, cyber-risk, engineering, and miscellaneous insurance, including Takaful options.
Key facts about TPL Insurance
- Founded Year: 2009
- Location: Karachi (Pakistan)
- Stage: Late Stage
- Investors: DEG and Finnfund
- Latest Funding Round: PE, Apr 15, 2022, $*****
- Tracxn Score: 59/100 What is this?
- Competitors Rank: 1 of 8 Competitors
5. CreditBook
CreditBook provides an app-based bookkeeping platform for micro, small, and medium enterprises. Its features include data management, cash flow management, payment tracking, expense management, report management, and more. It offers an app-based platform for Android devices.
Key facts about CreditBook
- Founded Year: 2020
- Location: Karachi (Pakistan)
- Stage: Seed
- Total Funding till date: $12.5M
- Investors: Tiger Global Management, VentureSouq and 18 Others
- Latest Funding Round: Seed, Dec 16, 2021, $*****
- Tracxn Score: 57/100 What is this?
- Competitors Rank: 3 of 219 Competitors
Companies founded year-on-year in the FinTech sector in Karachi
16 FinTech startups in Karachi were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | - |
2025 | - |
2024 | - |
2023 | 10 |
2022 | 11 |
2021 | 12 |
2020 | 16 |
2019 | 12 |
2018 | 12 |
2017 | 12 |
Stage-wise distribution of FinTech sector companies in Karachi
Out of the total 164 FinTech companies in Karachi, 34 have secured funding. Among them, 9 have reached Series A or higher, and 5 to Series B or beyond.
Founded - 164
Funded - 34
Series A+ - 9
Series B+ - 5
Series C+ - 4
Company Stage | No. of companies |
|---|---|
Founded | 164 |
Funded | 34 |
Series A+ | 9 |
Series B+ | 5 |
Series C+ | 4 |
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Funding Trends in the FinTech sector in Karachi
Total funding year-on-year in the FinTech sector in Karachi
The FinTech sector in Karachi saw a total funding of more than $252M in the last 10 years. The most amount of funding was in 2022 at more than $107M.
- Total Funding
Year | Total Funding |
|---|---|
2025 | $52M |
2024 | $19M |
2023 | $2.5M |
2022 | $107M |
2021 | $63.2M |
2020 | $1.45M |
2019 | $100K |
2018 | $1.33M |
Recent Funding Rounds in FinTech in Karachi
In the year 2025, till April 2025, FinTech companies in Karachi have raised $5M in equity funding across 1 round.
Here are some recent, important funding rounds in FinTech companies in Karachi:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Seed | 8560 | Apr 08, 2025 | ||
Seed | 8064 | Jun 26, 2023 | ||
Seed | 9771 | Jan 04, 2023 | ||
Seed | 5725 | Nov 07, 2022 | - | |
Seed | 2909 | Sep 13, 2022 |
Top Investors in FinTech in Karachi
British International Investment is the top investor in FinTech companies in Karachi based on number of companies invested.
Here are some top investors in FinTech companies in Karachi:
Investor | Location | Top Portfolio Companies |
|---|---|---|
London (United Kingdom) | - | |
Abu Dhabi (United Arab Emirates) | Abhi and KASB Securites | |
New York City (United States) | - | |
London (United Kingdom) | ||
Lahore (Pakistan) |
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M&A activity in FinTech sector in Karachi
In the year 2025, till July 2025, 1 acquisition happened in FinTech sector in Karachi.
Here are some recent, important acquisitions in FinTech sector in Karachi:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jul 09, 2025 | ||
Business Acquisition | May 30, 2022 | ||
Business Acquisition | May 23, 2022 |
Acquisition trends in FinTech sector in Karachi
Here are the acquisition trends in FinTech sector in Karachi:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | - |
2025 | 1 |
2024 | - |
2023 | - |
2022 | 2 |
2021 | - |
2020 | - |
2019 | - |
2018 | - |
2017 | - |
IPOs in FinTech in Karachi
In the year 2007, till March 2007, 1 IPO happened in FinTech sector in Karachi.
Here are some recent, important IPOs in FinTech sector in Karachi:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Mar 12, 2007 | Pakistan Stock Exchange (PSX) |
Colleges which produce the most FinTech companies in Karachi
Companies founded by alumni from top colleges in the FinTech in Karachi
Most number of FinTech startups in Karachi have been founded by alumni from INSEAD, London Business School (LBS) and London School of Economics and Political Science.
College | No. of companies |
|---|---|
INSEAD | 2 |
London Business School (LBS) | 2 |
London School of Economics and Political Science | 2 |
University of Oxford | 2 |
Columbia University | 1 |
Harvard University | 1 |
Total funding in FinTech companies founded by alumni from top colleges in Karachi
In the last 10 years, London School of Economics and Political Science graduates' FinTech companies in Karachi have raised the most funding among top colleges. INSEAD and London Business School (LBS) alumni are second.
College | Total Funding |
|---|---|
London School of Economics and Political Science | $108M |
INSEAD | $7.5M |
London Business School (LBS) | $7.5M |
Columbia University | $4.74M |
University of Oxford | $4.5M |
Harvard University | - |
Top News in FinTech in Karachi
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Pakistan's First Shariah-Compliant Green Hotel REIT LaunchedNewswire•May 22, 2025•JS Investments, GOHAR
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Bazaar launches Bazaar Pro: Procurement Experts for Businesses Across PakistanProPakistani•Sep 05, 2024•Bazaar
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Fintech ABHI, a MENA Region and Pakistan based Earned Wage Access Provider, Enters New PartnershipCrowdfund Insider•May 15, 2024•Abhi, Al Raeda
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Alraedah Digital Solutions collaborates with ABHI to revolutionize financial services in KSAWorld Business Outlook•May 06, 2024•Al Raeda, Abhi
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Ant Group Partners with NayaPay and Global Firms for Consumer-Friendly Zones in ChinaProPakistani•Apr 09, 2024•Ant Group, NayaPay
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Ant Group Partners with NayaPay and Global Firms for Consumer-Friendly Zones in ChinaProPakistani•Apr 09, 2024•Ant Group, NayaPay
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Fintech: UAE Recognizes Pakistani Fintech ABHI as Emerging CompanyCrowdfund Insider•Dec 18, 2023•Abhi
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