Pakistan · Financial services startup

NayaPay

NayaPay is a fintech platform based in Karachi, Pakistan, and is recognized as the first Electronic Money Institution (EMI) in the country.

Funding reportedLast round: Seed

Financial servicesKarachi, Pakistan

About NayaPay

NayaPay is a fintech platform based in Karachi, Pakistan, and is recognized as the first Electronic Money Institution (EMI) in the country.

Founded in 2018, NayaPay aims to simplify financial services for underserved consumers, students, freelancers, and small-to-medium businesses (SMBs). The platform serves over 2 million users and operates under the regulatory oversight of the State Bank of Pakistan. NayaPay offers a range of digital financial tools, including a digital wallet for quick money transfers, bill payments, and peer-to-peer transactions. Users can access physical and virtual Visa debit cards for both in-store and online purchases. The NayaPay Arc is a dedicated solution for entrepreneurs, providing universal payment acceptance and financial management tools. The company has secured $13 million in funding and is backed by the Lakson Group, a prominent Pakistani conglomerate.

What company datasets say NayaPay raised

Funding, as reported

Reported in all13Min the source's currency
Rounds1
Last roundSeed
Last round size13M
Last round dateFeb 2022
Investors listed6

On 3 portfolio pages

Investors who name them

Each firm lists NayaPay 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

digital identity verificationtransaction feespeer-to-peer paymentmobile paymentsuser experienceinternational paymentsspending limitspeer-to-peer transferreal-time trackingdigital paymentsconsumerssmb solutionscustomer engagementeasy sign-upuser growthpayment security

Built with from their website

Trend Micro Email SecurityGoogle Tag ManagerAmazon CloudFrontEnvoyPlay FrameworkGoogle AdsYouTubeGoogle WorkspaceCloudFlareViewport Meta

+8 more

Google PlayMongoDBElement UIVMwareAppleFacebook SDKWebflow HostingAI

Sector
Financial services
Industry code
NAICS 522320, SIC 7389
Region
Sindh
Full record
Every detail in the company directory

Financial services in Pakistan

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