# NayaPay: Financial services, Karachi, Pakistan

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

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

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

# NayaPay

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

Funding reported Last round: Seed

Financial services Karachi, Pakistan

Company summary

- **Founded:** 2020 6 years old
- **Team:** 410 201 to 1,000 people
- **Funding reported:** 13M as listed, currency not stated
- **Last round:** Seed Feb 2022

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 NayaPay 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 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 all **13M** in the source's currency

Rounds **1**

Last round **Seed**

Last round size **13M**

Last round date **Feb 2022**

Investors listed **6**

## On 3 portfolio pages

Investors who name them

- [Graph Ventures](https://millionrounds.com/fund/graph-ventures)
- [MSA Novo](https://millionrounds.com/fund/novo-capital)
- [Amaana Capital](https://millionrounds.com/fund/amaana-capital)

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 verification transaction fees peer-to-peer payment mobile payments user experience international payments spending limits peer-to-peer transfer real-time tracking digital payments consumers smb solutions customer engagement easy sign-up user growth payment security

Built with from their website

Trend Micro Email Security Google Tag Manager Amazon CloudFront Envoy Play Framework Google Ads YouTube Google Workspace CloudFlare Viewport Meta

+8 more

Google Play MongoDB Element UI VMware Apple Facebook SDK Webflow Hosting AI

- **Sector:** Financial services
- **Industry code:** NAICS 522320, SIC 7389
- **Region:** Sindh
- **Full record:** [Every detail in the company directory](https://millionrounds.com/directory/nayapay)

## 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)
- [**CreditBook** Karachi · founded 2020](https://millionrounds.com/startup/creditbook)
- [**OneLoad** Lahore · founded 2016](https://millionrounds.com/startup/oneload)

## Is this your company?

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