Pakistan’s Best-Funded Startup Nears Profit After Fintech Deal

Bazaar Technologies Pvt. expects to hit profitability in coming quarters, a milestone for a five-year-old startup trying to build Pakistan’s biggest e-commerce and fintech platform.

Hamza Jawaid, who co-founded Bazaar in 2020 with high-school buddy Saad Jangda, hopes to build a service for the world’s fifth-most populous nation along the lines of China’s Alibaba Group Holding Ltd. and South America’s MercadoLibre Inc. The startup took a step in that direction when it completed the acquisition of digital payments platform Keenu this week.