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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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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. This is the New York-headquartered firm’s first investment in Pakistan. In Pakistan, there is a huge whitespace in payments.

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Peter Thiel backs electronics marketplace PriceOye in maiden Pakistan investment

TechCrunch

A Pakistani startup, which has taken inspiration from China’s JD.com and India’s Flipkart to build a managed marketplace of electronics products, said on Tuesday it has raised seed funding from scores of investors including PayPal founder Peter Thiel. This is Thiel’s maiden investment in Pakistan.

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FreeWill Acquires AI-Driven GrantAssistant

The NonProfit Times

and Lahore, Pakistan, become part of FreeWill, whose employee footprint for the first time will span beyond the United States. When we started GrantAssistant, our goal was to help nonprofits and non-governmental organizations get as much funding as possible by making the grant writing process easier,” said Hasnain.

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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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Abwaab raises $20M Series A led by BECO Capital to expand across MENA and Pakistan

TechCrunch

Jordan-based online learning platform Abwaab has raised $20 million in a Series A funding round (following a $5 million seed round in March of this year), making it one of the most funded edtech startups in the Middle East, North Africa and Pakistan (MENAP), a region that encompasses 160 million students.

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Pakistan central bank orders fintech Tag to refund customers

TechCrunch

The State Bank of Pakistan, the South Asian nation’s central bank, has ordered fintech Tag to “immediately” refund all funds to customers citing violation of regulatory requirements and “other concerns,” posing existential questions on the startup’s future.