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Tiger Global backs fintech CreditBook in first Pakistan investment

TechCrunch

Two years ago, a group of entrepreneurs in Pakistan began surveying the market to understand why financial services weren’t reaching the majority of merchants in the world’s fifth most populous nation. On Friday, Tiger Global said it is backing their startup, CreditBook , to help address those challenges.

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Pakistan edtech startup Maqsad gets $2.1M pre-seed to make education more accessible

TechCrunch

Taha Ahmed and Rooshan Aziz left their jobs in strategy consulting and investment banking in London earlier this year in order to found a mobile-only education platform startup, Maqsad , in Pakistan, with a goal “to make education more accessible to 100 million Pakistani students.”

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Colabs gets $3 million seed to expand across Pakistan, launch back-office SaaS solution

TechCrunch

The new plans come after the startup secured $3 million in seed funding in a round led by Indus Valley Capital, Zayn Capital and Fatima Gobi Ventures, the first time that the three Pakistan-focused VCs are investing in a startup together. Colabs wants to be the gateway to Pakistan for tech companies and a launch pad for startups.

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rali_cap gets backing from global VCs and launches $30M fintech fund for emerging markets

TechCrunch

Rali_cap , an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. Last month, the firm, formerly known as Rally Cap Ventures, reached its first close of $20 million (its initial target) before increasing the fund size, signaling a strong LP appetite. About 40% are based in the U.S.,

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Pakistan’s Zaraye, a B2B supplies platform, raises $2.1M from Tiger Global and Zayn

TechCrunch

million in pre-seed funding from Tiger Global and Zayn Capital. This marks the first time Tiger Global has made a pre-seed investment in a Pakistani startup. The manufacturing sector in Pakistan has been operating with very marginal innovations since decades, WhatsApp being the only notable change in how processes have evolved.

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Venture capital funding may have slowed, but VC firms have no problems raising new funds

TechCrunch

As the market swoons, venture capital firms continue to announce new funds. Meanwhile, I corresponded with three firms about their funds and any concerns that limited partners had brought up during the fundraising stage. As the global venture capital market slows, is the US dodging the downturn?

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NayaPay secures $13 million, largest seed funding in South Asia for its messaging and payment app

TechCrunch

Pakistan-based fintech platform, NayaPay , has raised $13 million in a seed round to rollout its multi-service messaging and payment app, and to build payment acceptance and financial management tools for businesses in the South Asian country. The youth and freelance communities in Pakistan are also majorly locked out by traditional banks.