Startup-funding rush continues in Pakistan


KARACHI: A flood of overseas capital into Pakistan’s fintech startups that began during the coronavirus pandemic is continuing unabated, with two new fundraising deals.

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 US$6.6mil (RM27mil), adding to the US$19.3mil (RM80mil) funding for the country’s startups in the first quarter of 2021.

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