KARACHI: HBL becomes the first bank in Pakistan to invest in a digital fintech startup with its Rs. 176 Million (USD 1.15 Million) participation in the last tranche of Finja’s Rs. 1.56 billion (USD10.15 Million) Series A1 round. HBL joins an impressive list of leading global fintech funds that have invested in Finja including BeeNext, Vostok Emerging Finance, Quona Capital, and ICU Ventures. All investors from previous rounds topped up their investment in Finja’s Series A1 round.
Finja Lending Services, a subsidiary of Finja; the new-age financial organization, recently announced its partnership with BlueEx for credit collection for the Karyana store/MSMEs (Micro, small and medium enterprises) segment of Pakistan. This will help ease and digitise the cash collection process for these businesses as outstanding invoices can be collected before they become overdue.
In an industry first, Finja Lending Services recently announced its partnership with Leopards Courier Services to digitize the complete credit collection process for the Karyana segment.
Lahore-based fintech Finja has closed $9 million in a $10 million Series A financing round, it announced in a statement today to MENAbytes. The investment came from ICU Ventures and the existing investors BeeNext, Vostok Emerging Finance, Quona Capital, and Gray MacKenzie Engineering Services (a Descon company). It takes total financing raised so far by the company to about $15 million. Finja, under the terms of the latest round, has the flexibility to raise an additional $1 million.
On Wednesday 23rd December, FINJA the new-age fintech hosted an exclusive event at Marriott Hotel Islamabad, to discuss its impact and approach in digitizing credit for the SME / MSME segment under the NBFC regime. The Chairman Securities and Exchange Commission of Pakistan (SECP), Mr. Aamir Khan graced the occasion as the Chief Guest.
Islamabad – October 7, 2020: Pakistan’s leading connectivity partner, Zong 4G, has joined hands with the new-age fin-tech company, Finja, to facilitate customers in purchasing Zong 4G’s airtime as well as their favorite data bundles on the move using the Finja mobile app.
Easypaisa, Pakistan's leading mobile banking platform operated by Telenor Microfinance Bank, has initiated an extensive drive to facilitate Small and Medium Enterprises in Pakistan especially during the current COVID-19 crisis. Easypaisa has launched its 'Easy Business' portal to facilitate SMEs across the country to raise awareness about the products and services provided by the Bank while also enabling small businesses to submit their requirements to avail access to a suite of state-of-the-art financial services.
SBP green signalled Finja to commercially pilot the all new Finja App, a one stop digital platform for businesses, merchants and consumers on April 9th 2020. This move makes Finja the first non-banking entity in Pakistan to own a consumer facing brand that allows the fintech to solicit customer deposits, plug into the country's payment plumbing, authenticate and onboard new users and white label products and services for FIs and various other institutions and corporates, with minimal reliance or interdependence on incumbent banks.
These are unprecedented times. The world we live in today is very different from the world of a few weeks or months back. The COVID-19 pandemic has changed the fundamentals of how we live, play, shop, learn, socialize and operate businesses. This is true for Pakistan as much as it is true for the rest of the world.
The Securities and Exchange Commission of Pakistan (SECP) recently granted Finja, the groundbreaking Pakistani fin-tech, with the Non-Banking Finance Corporation (NBFC) license. This has enabled Finja to introduce a new entity "Finja Lending Services" (FLS) with a focus to provide digital credit to Micro Small and Medium Enterprises (MSMEs) and the people that they employee.
The two companies aim to provide an innovative platform to simplify the existing complicated process of buying insurance products. With this collaboration, customers can now purchase TPL Insurance products in just a few clicks using any Mobile App powered by FINJA, a platform that promises zero cost payments with zero Merchant Discount Rate (MDR), providing customers a quick and easy way to transact.
Aiming to provide innovative lending products and solutions ; Finja Lending Services announced that it is partnering with Telemart to offer smartphone lending services to customers in Lahore and Karachi.
"The digital financial services in Pakistan like FINJA should support housewives and other women in Pakistan to set up small home-based industries and businesses,” said the Queen Maxima while talking to the small merchants during her visit to the Ghalib Market, Gulberg in the provincial metropolis.
"The digital financial services in Pakistan like FINJA should support housewives and other women in Pakistan to set up small home-based industries and businesses," said Queen Maxima while talking to small merchants during her visit to Ghalib Market in Gulberg.
Finja, the trail blazing Pakistani fintech behind the popular SimSim mobile wallet launched in partnership with Finca Microfinance Bank, announced today that it has received in-principle approval from the State Bank of Pakistan ...
Finja, Pakistan’s leading digital lending platform with an integrated payment ecosystem, announced that it had closed a convertible note funding round of $3 Million USD led by BeeNext and Quona Capital with previous investor Vostok Emerging Finance also participating again. The note was oversubscribed.
"The digital financial services in Pakistan should support housewives and other women in Pakistan to set up small home-based industries and businesses," said Queen Maxima while talking to small merchants during her visit to Ghalib Market, Gulberg.
Finja, a recent entrant in Pakistan's FinTech scene, today announced the pilot launch of its new mobile wallet and its appointment as a Super Agent by Finca Microfinance Bank under the branchless banking framework approved by the...
LAHORE (APP) – Queen Maxima of the Netherlands, United Nations Secretary General’s Special Advocate (UNSGSA) for Inclusive Finance for Development, on Wednesday spent an eventful and busy day on the last leg of her visit in the Punjab capital.
Finja, a FinTech startup founded by Qasif Shahid, Monis Rahman and Umer Munawar, announced today that is has raised $1 Million in seed funding round led by Stockholm based Vostok Emerging Finance.
Qasif has implemented digital strategies for banks for over a decade. His experience has seen him serve in ABN AMRO, Standard Chartered Bank and MCB. Currently Qasif is serving as CEO of FINJA, a FinTech startup, he co-founded with Monis Rehman of Rozee.pk. FINJA recently secured $1 million in seed funding. On 12th May, 2017 SBP approved SimSim, a collaboration mobile wallet app by FINJA and FINCA Microfinance Bank Ltd.
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