Pakistan’s Fintech SadaPay Raises Funds Ahead of Mass Rollout
- SadaPay is country’s most-funded fintech after $10.7 mln round
- U.S. entrepreneur moved to Pakistan to start venture
SadaPay’s smartphone app and card
Source: SadaPay
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Pakistan’s SadaPay raised additional funds to become the nation’s highest-funded fintech as it received permission for full-fledged operations that will allow it to add millions of new users.
The Islamabad-based startup scored $10.7 million in a seed-extension round, according to Chief Executive Officer Brandon Timinsky. The funding announcement comes a day after the central bank allowed it to offer financial services through its smartphone app.