# U Microfinance Bank: Banking, Islamabad, Pakistan

> U Microfinance Bank: U Microfinance Bank provides microfinance banking and mobile financial services. Based in Islamabad, Pakistan. Founded 2003.

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

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

# U Microfinance Bank

U Microfinance Bank provides microfinance banking and mobile financial services.

Funding reported Last round: Corporate round

Banking Islamabad, Pakistan

Company summary

- **Founded:** 2003 23 years old
- **Team:** 1,001 1,000+ people
- **Funding reported:** 35.5M as listed, currency not stated
- **Last round:** Corporate round Jan 2025

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 U Microfinance Bank 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)

## What company datasets say U Microfinance Bank raised

Funding, as reported

Reported in all **35.5M** in the source's currency

Rounds **1**

Last round **Corporate round**

Last round date **Jan 2025**

## Founders and team

From U Microfinance Bank's own website: 8 on the team.

- **Tooran Asif** President & CEO
- **Faizan Irshad** Chief Internal Auditor
- **Muhammad Amir Siddiqi** Chief Financial Officer
- **Muhammad Javed** Chief Compliance Officer
- **Palwasha Qazi** Chief Legal Officer & Company Secretary
- **Shamsulhaq Niaz** Chief Digital Officer
- **Sonia Farooq** Chief Human Resources Officer
- **Syed Mohammad Nadeem Kazmi** Chief Risk Officer

## Banking in Pakistan

Startups like it

- [**SadaPay** founded 2018](https://millionrounds.com/startup/sadapay)
- [**CEE Solutions** Karachi · founded 2016](https://millionrounds.com/startup/cee-solutions)
- [**RIPA Global** founded 2021](https://millionrounds.com/startup/ripa-global)
- [**Pakistan Mortgage Refinance Company** founded 2015](https://millionrounds.com/startup/pakistan-mortgage-refinance-company)
- [**MFSYS** founded 2014](https://millionrounds.com/startup/mfsys)
- [**Advans Pakistan Microfinance Bank** Karachi · founded 2012](https://millionrounds.com/startup/advans-pakistan-microfinance-bank)
- [**Easypaisa** founded 2009](https://millionrounds.com/startup/easypaisa)
- [**Silkbank** Karachi · founded 2001](https://millionrounds.com/startup/silkbank)

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