Two Fintech Deals Add to Startup Funding Rush in Pakistan
- KTrade raises $4.5m and early wage access Abhi gets $2.1m
- Pakistan startups raised record amount from foreigners in 2020
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A flood of overseas capital into Pakistan’s fintech startups that began during the coronavirus pandemic is continuing unabated, with two new fundraising deals announced on Monday.
Khadim Ali Shah Bukhari Securities Pvt.’s fintech trading app KTrade as well as former Morgan Stanley fund manager Omair Ansari’s early wage access platform have raised a total of $6.6 million, adding to the $19.3 million funding for the country’s startups in the first quarter of 2021.