Search company, investor...

Predict your next investment

Diversified Financial Services
FINANCE | Lending
karandaaz.com.pk

Investments

11

Funds

1

Partners & Customers

3

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.

Headquarters Location

1E Nazimuddin Road Ali Plaza

Islamabad,

Pakistan

+92 51 8449761

Are you an investor?
Submit your portfolio details now to be considered in our investor rankings.

Latest Karandaaz Pakistan News

Empowering Women Entrepreneurs: FIWC 2024 Paves Way for Financial Inclusion

Feb 26, 2024

Empowering Women Entrepreneurs: FIWC 2024 Paves Way for Financial Inclusion by 170 Views In an era of empowerment and inclusivity, the Financial Inclusion of Women Challenge Round 2024 (FIWC) stands as a beacon, emphasising breaking barriers and providing a tailored financial ecosystem for women. This grant initiative aims to revolutionize access to financial services for women by leveraging innovative solutions, customized to their unique needs and preferences, all while considering the structural constraints that women often face in society. Launched on 2nd February 2024, the fourth round of FIWC, powered by Karandaaz Pakistan, zeroes in on two pivotal segments, acknowledging the diverse landscape of women in various roles. ALSO READ Firstly, economically active females across all sectors are targeted, recognizing their crucial contribution to the workforce. Secondly, the initiative focuses on financially excluded and underserved women in rural and urban areas, acknowledging the disparities in access to financial resources. One of the key strategies employed by FIWC 2024 is the development of women-centric financial products and services. By tailoring solutions to the specific needs and preferences of female users, this approach not only ensures inclusivity but also amplifies the impact of financial services on their lives. With a grant of up to Rs. 20 million on offer for each innovative proposition, FIWC 2024 advocates for a gender-based segmented approach to sales funnel growth. The goal is to massively increase the usage of financial products and services among female customers, fostering a financial landscape where women feel not only included but also empowered to make informed financial decisions. Sharjeel Murtaza, Director Digital Financial Services (DFS) Karandaaz, said about the challenge: “There is a universal consensus that gender equality is of critical importance for prosperity and economic development of any nation. It is now the time to build upon that through enabling interventions.” “At Karandaaz, we are fully committed to supporting innovative interventions that can increase women’s financial and digital inclusion by enabling access to financial services such as digital wallets, savings tools and female agents. We work towards economic empowerment of Pakistani women through alternate channels and avenues of leveraging their skillsets and expertise. The completion of three successful rounds of FIWC and the launch of the fourth round is a testament to our commitment.” The initiative also highlights platforms enabling women’s financial inclusion. By addressing factors that hinder access to financial services, such as digital literacy and awareness, FIWC 2024 acts as a catalyst for bridging the gap and creating an environment conducive to the uptake of financial products. For women entrepreneurs, Karandaaz’s FIWC 2024 presents an unprecedented opportunity to pioneer change. The deadline for application is March 6, after which the pitch process for grant funding will be finalized in April 2024. Apply now at fiwc.karandaaz.com.pk ALSO READ In its past rounds, FIWC has successfully partnered with female-led fintechs such as Oraan, RedMarker, DigiKhata, InstaCare, Walee, etc. Each in their own sector, these fintechs are driving towards the same agenda: empowerment of women and their increased financial independence by leveraging innovative financial solutions tailored to their needs. Whether through designing women-centric financial products, leveraging gender-based sales strategies, or contributing to platforms that enable financial inclusion, the FIWC 2024 challenge opens doors for women to shape the financial landscape. By participating in FIWC 2024, women entrepreneurs can not only drive economic growth but also champion a more inclusive and equitable future.

Karandaaz Pakistan Investments

11 Investments

Karandaaz Pakistan has made 11 investments. Their latest investment was in Befiler as part of their Grant on November 29, 2021.

CBI Logo

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

Subscribe to see more

$99M

Subscribe to see more

10

7/19/2017

Grant

Subscribe to see more

$99M

Subscribe to see more

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

Subscribe to see more

Subscribe to see more

Amount

$3.1M

$99M

$99M

New?

Yes

Yes

Yes

Subscribe to see more

Subscribe to see more

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

3 Partners and customers

Karandaaz Pakistan has 3 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

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

Pakistan

Subscribe to see more

Subscribe to see more

10

11/17/2015

Vendor

Pakistan

Subscribe to see more

Subscribe to see more

10

Date

10/25/2016

6/16/2016

11/17/2015

Type

Client

Partner

Vendor

Business Partner

Country

Pakistan

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 .

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Sources

1

10

10

Compare Karandaaz Pakistan to Competitors

Finja Logo
Finja

Finja operates a financial services platform. It offers lending services such as capital for business needs and credit lines, as well as digital wallet services, payment solutions, and business operation management tools. It primarily serves professionals, merchants, and small to medium-sized businesses. The company was founded in 2015 and is based in Lahore, Pakistan.

T
Trellis Housing Finance

Trellis Housing Finance specializes in providing affordable housing finance solutions within the financial services sector. The company offers Islamic home financing based on Diminishing Musharakah principles, catering to upfront property purchases, renovations, and plot or property construction. Trellis Housing Finance primarily serves individuals and families seeking low-cost housing finance solutions. It is based in Karachi, Pakistan.

T
TAG

TAG operates as a financial technology company offering a digital experience for banking services. It offers instant purchase-to-pay and online payment mechanisms through an application. The company allows users to open mobile wallets and get debit cards and provides online transactions such as money transfers, bill payments, and mobile top-up payments. It was founded in 2020 and is based in Islamabad, Pakistan.

M
Muawin

Muawin is a business-to-business (B2B) buy now, pay later (BNPL) company. It provides credit and smart financing solutions, working capital, fuel financing, and more. It serves small retailers, gig economy workers, and farmers. It was founded in 2020 and is based in Lahore, Pakistan.

B
BaadMay

BaadMay operates in the financial services sector, with a focus on facilitating installment-based payments. The company's main service allows customers to make purchases from various brands and pay for them in installments, all managed through its application. This service primarily caters to the ecommerce industry. It was founded in 2022 and is based in Karachi, Pakistan.

B
Bank Asia

Bank Asia is a commercial bank that offers a range of financial services across various sectors. The company provides retail, corporate, and Islamic banking services, as well as capital market operations. Bank Asia caters to individuals, businesses, and other organizations with products such as deposit accounts, loans, credit cards, and digital banking solutions. It is based in Dhaka, Bangladesh.

Loading...

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.