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Fintech Firm Raises Funds in Sign of Life for Pakistan VC Market

Pakistani fintech startup AdalFi raised a $7.5 million funding round in a sign of life for the South Asian country’s venture-capital market that dried up along with a global decline in tech stocks.

The round was led by Cotu Ventures, Chimera Ventures, Fatima Gobi Ventures and Zayn Capital, AdalFi said on Thursday in a statement. Angel investors also participated.