FinTech startups 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
