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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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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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BYD adds Pakistan to its global EV production footprint

TechNode

BYD is aggressively expanding its global production footprint as the Chinese EV giant announced on Aug. 17 that it will open a car manufacturing plant in Pakistan. The new plant will be located in Karachi, the countrys largest city, and begin operations in 2026.

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Nigerian digital bank Kuda is the latest African startup to lay off employees

TechCrunch

The company, having raised more than $90 million in total from investors such as Valar Ventures and Target Global, is also planning an expansion outside Africa to Pakistan.

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

TechCrunch

” We’ve also seen this play out with angel investors who have become prominent solo venture capitalists like Olumide Soyombo of Voltron Capital — and globally, Elad Gil and Lachy Groom. Last year, rali_cap raised $2 million, money it has since deployed. “But we’re always open for exceptions,” said Simmons.

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