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FINANCIAL | Lending / Microfinance
ubank.com.pk

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Stage

Grant | Acquired

About U Microfinance Bank

U Microfinance Bank, fka Rozgar Microfinance Bank, offers branch banking, branchless banking, mobile banking, and microfinance banking services.

U Microfinance Bank Headquarter Location

2nd Floor, 13-B, Jinnah Super Market F-7

Islamabad,

Pakistan

+92 51 111-182-265

Latest U Microfinance Bank News

Pakistani Online Payments Fintech SadaPay Appoints Muhammad Khalil as Head of Internal Audit

Jul 27, 2021

Pakistani online payments Fintech SadaPay reveals that they’ve welcomed Muhammad Khalil who’s joining them as their new Head of Internal Audit. As noted in an update from SadaPay , Khalil brings audit experience from “some of Pakistan’s leading corporates” including U Microfinance Bank, Wi-Tribe as well as PTCL and most recently i2c inc. As mentioned in the announcement: “At SadaPay, [Khalil will] help us establish a culture of consistent improvement and cross-functional harmony. With Khalil on board, our focus will be on agile and continous internal audit – he’ll constantly challenge our thinking and way of work so we continue to evolve and provide timely relevant information to the stakeholders we serve.” The update also noted that Khalil is a “cult follower of Tool and likes to play it loud while he’s travelling on roads not commonly known.” He’s also “an all-rounder when it comes to cricket and also volunteers as an umpire owing to his love for the sport,” the team at SadaPay wrote. As covered , SadaPay had reported in May 2021 that it had been well over three months now since they began rolling out their numberless debit cards. The SadaPay team had pointed out that the designs “perfectly” fit their vertical debit cards. The company’s management noted, earlier this year, that they wanted to create something that tells their brand story while designing it in a manner that communicates their message in a “sada” (or plain and simple) manner. The cards have also been designed to have a “skater-smooth unboxing experience.” Omar Qureshi from SadaPay claims that it “wasn’t easy to come up with what’s out there on the shelves right now.” He revealed that it took their team (Brandon Timinsky, Founder and CEO at SadaPay, Omer Salimullah, Asad Amjad and him) more than 3 months to finalize all the packaging. As reported in March 2021,  SadaPay secured $7.2 million through its latest seed funding round, which was led by Recharge Capital with participation from Kingsway Capital, Raptor Group, Ualá’s founder Pierpaolo Barbieri, Ribbit Capital’s Brian McGrath, former General Catalyst partner Ilan Stern, and Valon Technologies’ founder Andrew Wang. Founded in 2019, SadaPay states it is a neobank on a mission to bring modern financial services to Pakistan. In December 2020, SadaPay was approved by the State Bank of Pakistan to launch pilot operations. The company does not have physical branches like a traditional bank, but provides the following: Mastercard debit card Press Releases ARK7 launches Reg A+ platform with Dalmore Group Dalmore Group welcomes ARK7, a newplayer in the rapidly expanding RegA+ series issuer arena, delivering astock-like real-estate investmentplatform which allows anyone over the ... Nationally Recognized 'Rest App' That Launched the Scientific Sleep Phenomenon Opens to Crowdfunding Investors Restflix, a science-backed streamingservice designed for better anddeeper sleep, has officially ... Dalmore Group Teams with Global Wine Marketplace Vinsent for Direct Reg CF Offering Veteran Reg A+ Broker-Dealer DalmoreGroup announced the Reg CF launch ofVinsent, a company that is working toenhance the wine industry ecosystem ... Pakt Bags, Inc. Launches Investment Campaign to Expand Line of Exceptional Travel Products, raising up to $1.07M Brooklyn, NY, April. 14, 2021 —Pakt, Inc., a company that createsgear built for the modern traveler, ... SKILLICORN Technologies announces the launch of their Los Fresnos Project Regulation CF Offering on the InfraShares crowdfunding platform. This Regulation CF offering isseeking front-end financing for theLos Fresnos Project. For a minimum ... Upcoming Events

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