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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.”

Pakistan 134
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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 growing tech ecosystem is finally taking off

TechCrunch

Pakistan, the world’s fifth most populous country, has been slow to adapt to the internet economy. Unlike other emerging economies such as China, India and Indonesia, which have embraced digitization and technology, Pakistan has trailed the region in the adoption of technology and startup formation.

Pakistan 102
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Pakistan’s Neem raises $2.5M to serve underbanked communities with its embedded finance platform

TechCrunch

Pakistan’s embedded finance platform Neem has raised $2.5 Citing industry figures, Shaikh said about 53 million people in Pakistan are currently underbanked. Over time, the startup plans to go beyond Pakistan and support underbanked communities in other developing markets. Pakistan’s Neem raises $2.5M

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

TechCrunch

has joined the ranks of tech companies in Africa that are pruning their workforce. 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. Kuda, the African challenger bank, raises $55M at a $500M valuation.

Digital 137
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Extra Crunch roundup: NS1 EC-1, Pakistan’s tech ecosystem, SPACs bonanza

TechCrunch

Since its founding in 2013, NS1 has raised more than $100 million to build an engineering team and robust product portfolio that’s expanded to include DDI, which helps companies manage internal networks. Pakistan’s growing tech ecosystem is finally taking off. Pakistan’s growing tech ecosystem is finally taking off.

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PostEx acquires Call Courier to become Pakistan’s largest e-commerce service provider

TechCrunch

million users with over 8,000 merchants across 500 cities in Pakistan, and is on track to having a monthly loan book of more than $12 million. PostEx co-founder and CEO Omer Khan told TechCrunch that according to the World Bank, about 100 million adults in Pakistan don’t have a bank account. It has raised $8.6