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Diversified Financial Services
FINANCIAL | Lending
karandaaz.com.pk

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Investments

11

Funds

1

Partners & Customers

2

About Karandaaz Pakistan

Karandaaz Pakistan is a company established to promote access to finance for small businesses through a commercially directed investment platform, and financial inclusion for individuals by employing technology enabled digital solutions.

Karandaaz Pakistan Headquarter Location

1E Nazimuddin Road Ali Plaza

Islamabad,

Pakistan

+92 51 8449761

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Karandaaz Pakistan Web Traffic

Rank
Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
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Karandaaz Pakistan Rank

Latest Karandaaz Pakistan News

InfraZamin signs ITMinds for back office accounting services

Sep 1, 2021

September 1, 2021 KARACHI, PAKISTAN: InfraZamin Pakistan Limited and ITMinds Limited, a wholly owned subsidiary of Central Depository Company of Pakistan Limited (CDCPL), have signed an agreement enabling ITMinds to provide back office accounting services to InfraZamin, a news release said. InfraZamin is licensed to act as an investment finance company and is an initiative by the Private Infrastructure Development Group (PIDG), including PIDG group companies InfraCo Asia Investments and GuarantCo Limited, in partnership with non-profit Karandaaz Pakistan to establish a for-profit, credit enhancement facility for raising infrastructure-related debt in Pakistan. Commenting on the occasion, Maheen Rahman CEO InfraZamin, said, “We look forward to working with ITMinds under this arrangement which will enable the InfraZamin team to focus on our core business function of credit guarantees”. Badiuddin Akber, Director ITMinds & CEO-CDCPL, said, “Considering this is an era of specialization, we have commissioned ITMinds with an aim to enable asset management companies, investment finance companies and other organizations to outsource their back office functions to a competent and reliable BPO partner, thus relieving them to focus on their core businesses for their commercial success while achieving efficiency, scalability & transparency of processes”. ITMinds Limited, a wholly owned subsidiary of the Central Depository Company of Pakistan Limited (CDC) was founded in 2009 as the technology arm of CDC, specializing in providing innovative technology solutions to clients ranging from leading enterprises in the financial sector both locally and internationally to governments and trade associations. As part of the CDC’s diversified portfolio of service offerings and a strong financial backbone, ITMinds started providing Business Process Outsourcing services (BPO) in 2013 and today is the only company providing BPO services to the mutual funds industry of Pakistan. ITMinds kicked off its BPO Services with the provision of back office services to the mutual funds industry of Pakistan which includes investment settlement, unit management and accounting and reporting to the mutual funds Industry of Pakistan . The complete package of services, once successfully outsourced to ITMinds, results in enhanced focus on the core business of the company that is more integral to its commercial success. Outsourcing to ITMinds enables the outsourcer to achieve long term profitability, reduce cost and improve efficiency through efficient and more transparent processes.

Karandaaz Pakistan Investments

11 Investments

Karandaaz Pakistan has made 11 investments. Their latest investment was in Befiler as part of their Grant on November 11, 2021.

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Karandaaz Pakistan Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/29/2021

Grant

Befiler

Yes

2

6/7/2018

Grant

HAC Agri

Yes

1

6/2/2018

Grant

Excel Labs

$3.1M

Yes

4

7/19/2017

Grant

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$99M

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10

7/19/2017

Grant

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$99M

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10

Date

11/29/2021

6/7/2018

6/2/2018

7/19/2017

7/19/2017

Round

Grant

Grant

Grant

Grant

Grant

Company

Befiler

HAC Agri

Excel Labs

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Amount

$3.1M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

2

1

4

10

10

Karandaaz Pakistan Fund History

1 Fund History

Karandaaz Pakistan has 1 fund, including Innovation Challenge Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Innovation Challenge Fund

1

Closing Date

Fund

Innovation Challenge Fund

Fund Type

Status

Amount

Sources

1

Karandaaz Pakistan Partners & Customers

2 Partners and customers

Karandaaz Pakistan has 2 strategic partners and customers. Karandaaz Pakistan recently partnered with Pakistan Post Office on October 10, 2016.

Date

Type

Business Partner

Country

News Snippet

Sources

10/25/2016

Client

Pakistan Post Office

Pakistan

Pakistan Post to Digitize Money Order Service in Partnership with Karandaaz Pakistan

Pakistan Post and Karandaaz Pakistan have signed a partnership agreement to digitize money orders service at Pakistan Post .

1

6/16/2016

Partner

Millat Tractors, and Meezan Bank

Pakistan

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10

Date

10/25/2016

6/16/2016

Type

Client

Partner

Business Partner

Pakistan Post Office

Millat Tractors, and Meezan Bank

Country

Pakistan

Pakistan

News Snippet

Pakistan Post to Digitize Money Order Service in Partnership with Karandaaz Pakistan

Pakistan Post and Karandaaz Pakistan have signed a partnership agreement to digitize money orders service at Pakistan Post .

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Sources

1

10

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