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Dubai s VentureSouq invests in Karachi-based CreditBook s $1 5 million seed round

Dubai s VentureSouq invests in Karachi-based CreditBook s $1.5 million seed round Pakistan has one of the world’s fastest-growing middle class populations and has seen a 720% increase in 4G users over the last five years. In January 2021, 100 million internet connections were registered in the country amid the Covid-19 pandemic. However, a large number of the population still remains offline, and microentrepreneurs still use pen and paper to keep track of their transactions. Digital bookkeeping startup CreditBook is trying to make sure that those people weren’t left behind in this digitalization trend. The Karachi-based company announced today that it has raised US$1.5 million seed funding from international and local investors.

Pakistani startup CreditBook raises $1 5 million in seed funding - Business

CreditBook, a fintech startup that helps micro-entrepreneurs digitise and keep records of their transactions, has raised $1.5 million in seed funding. Photo courtesy Facebook CreditBook, a Pakistani fintech startup that helps micro-entrepreneurs digitise and keep records of their transactions, has raised $1.5 million in seed funding in a round that included both international and local investors, the startup said in a statement on Tuesday. The startup, which was launched in June 2020, has over 500,000 users and grew over 450 per cent in the last six months, according to the statement. The funding would help it scale its users and product offerings by digitising more small businesses, it said.

Whether you like her art or not, Misha Japanwala made it to Forbes 30 Under 30 Asia List - Art & Culture

Whether you like her art or not, Misha Japanwala made it to Forbes 30 Under 30 Asia List - Art & Culture
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12 Pakistanis Who Made it to Forbes 30 Under 30 Asia 2021

12 Pakistanis Who Made it to Forbes 30 Under 30 Asia 2021 12 Pakistanis have made it to the 2021 Forbes 30 under 30 list for Asia. These Pakistani youngsters have been included in the list for their noteworthy contributions in the fields of entertainment, sports, media, marketing, advertising, social impact, enterprise technology, retail, and e-commerce. ALSO READ Abdullah Siddiqui Abdullah Siddiqui, 20, has been included in the Forbes 30 under 30 list for Asia in the category of entertainment and sports. Abdullah started producing English-language electronic music at the age of 11 and began releasing it as an independent artist when he was 16. The native of Lahore has appeared on Nescafé Basement, a Pakistani TV series that showcases the music of underground artists.

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