Udhaar Book Raises Funds to Digitize Pakistan’s Retail Shops
- Fintech startup raises funds from investors like Muir Capital
- Pakistan’s startups have seen record funding rush this year
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Udhaar Book, a Pakistani cashflow management services provider for small businesses, raised $6 million in early funding to digitize mom-and-pop stores that mostly operate using a manual register and handwritten entries.
The Karachi-based startup, whose parent is Toko Lab Inc., raised the money in seed funding from investors including Fatima Gobi Ventures, Plaid co-founder William Hockey’s Muir Capital, Tinder co-founder Justin Mateen’s JAM Fund LLC, Integra Partners and Commerce Ventures LLC.