Fintech startups boosting in Pakistan

Despite a health catastrophe and one of the worst economic downturns, fintech startups have flourished in Pakistan and are still growing.

Bloomberg reported that two new fintech startups’ fundraising deals were announced earlier this week and the two ventures raised a total of $6.6 million.

Khadim Ali Shah Bukhari Securities’ fintech trading app KTrade and former Morgan Stanley fund manager Omair Ansari’s early wage access platform added to the $19.3 million funding for the country’s startups in the first quarter of 2021, the New York-based publication reported.