# AdalFi: Financial services, Lahore, Pakistan

> AdalFi: AdalFi is a fintech company based in Lahore, Pakistan, founded in 2021. Based in Lahore, Pakistan. Founded 2021.

Source: https://millionrounds.com/startup/adalfi (Millionrounds; every figure on the page links to its filing or article)

Pakistan · [Financial services startup](https://millionrounds.com/companies)

# AdalFi

AdalFi is a fintech company based in Lahore, Pakistan, founded in 2021.

Funding reported Last round: Seed

Financial services Lahore, Pakistan

Company summary

- **Founded:** 2021 5 years old
- **Team:** 76 51 to 200 people
- **Funding reported:** 7.5M as listed, currency not stated
- **Last round:** Seed Feb 2023

How sure we are

- ✓ **Listed** We know it exists and what it does
- 2 **Funding reported** A company dataset reports a raise
- 3 **Observed** A filing or a dated announcement confirms a round

No round for AdalFi has been confirmed by a filing or an announcement yet, so nothing here counts toward an investor's record. [How we decide](https://millionrounds.com/methodology)

## About AdalFi

AdalFi is a fintech company based in Lahore, Pakistan, founded in 2021.

It specializes in providing AI-powered digital lending infrastructure to banks and financial institutions. This infrastructure allows these institutions to offer instant, real-time credit to consumers and small businesses, enhancing financial inclusion. The company’s platform includes services such as AI-based credit scoring, real-time loan disbursement, smart recovery solutions, and customizable digital customer journeys. AdalFi has enabled over $100 million in lending across various segments, including consumer loans, credit cards, and agricultural loans, with a remarkably low default rate. It partners with more than 17 banks and financial institutions, focusing on serving thin-file or no-file customers and small to medium enterprises. AdalFi aims to transform digital lending by leveraging existing bank data, eliminating paperwork, and providing a seamless experience for both banks and their customers.

## What company datasets say AdalFi raised

Funding, as reported

Reported in all **7.5M** in the source's currency

Rounds **1**

Last round **Seed**

Last round size **7.5M**

Last round date **Feb 2023**

Investors listed **4**

## Founders and team

From AdalFi's own website: 2 founders, 3 on the team.

**Kewan Khawaja** Co-CEO, Techlogix & Founder, AdalFi

**Salman Akhtar** CEO & Co-Founder AdalFi

- **Arsalan Ahmed** CTO
- **Khalid Kabeer** Chief Product Officer
- **Faisal Naeem** Head of Personal Loans - RFD

## On 2 portfolio pages

Investors who name them

- [Fatima Gobi Ventures](https://millionrounds.com/fund/fatima-gobi-ventures)
- [Amaana Capital](https://millionrounds.com/fund/amaana-capital)

Each firm lists AdalFi on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

## The company, in detail

What they build

Known for

b2b plug-and-play integrations sme cash flow scoring banking technology credit risk analytics disbursement automation digital customer journey instant disbursement technology customer satisfaction self-learning risk models integrated banking platforms instant disbursement risk-based pricing deposit account data analysis process improvement lending innovation

Built with from their website

GoToAssist Microsoft Email Providers SQL CloudFlare CDN Google Tag Manager HTTP/3 GoDaddy Hosting Webflow Amazon CloudFront Google Hosted Libraries

+8 more

jsDelivr Bootstrap Vimeo Google Font API GoDaddy Domains Open Graph WordPress.org HSTS

- **Sector:** Financial services
- **Industry code:** NAICS 52232, 52239, 541512, SIC 7389
- **Region:** Punjab
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/adalfi)

## Financial services in Pakistan

Startups like it

- [**Haball** Karachi · founded 2017](https://millionrounds.com/startup/haball)
- [**Manafa Technologies** Lahore · founded 2018](https://millionrounds.com/startup/manafa-technologies)
- [**Karmic Labs** Lahore · founded 2013](https://millionrounds.com/startup/karmic-labs)
- [**DCore** Islamabad · founded 2021](https://millionrounds.com/startup/dcore)
- [**TAG (YC S21)** Islamabad · founded 2020](https://millionrounds.com/startup/tag-yc-s21)
- [**PostEx** Lahore · founded 2016](https://millionrounds.com/startup/postex-2)
- [**NayaPay** Karachi · founded 2020](https://millionrounds.com/startup/nayapay)
- [**CreditBook** Karachi · founded 2020](https://millionrounds.com/startup/creditbook)

## Is this your company?

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