Karachi-based Fintech firm
Safepay has reportedly acquired seed funding from global financial technology company
Stripe. Safepay hasn’t disclosed the amount it has received but claims that it’s a seven-figure (USD) amount.
Other local and international investors also took part in the Pakistani Fintech firm’s investment round.
As first reported by Menabytes, the round includes contributions from Berlin-headquartered Global Founders Capital (which recently made investments in Bazaar), US-based HOF Capital, Soma Capital, and Mantis Venture Capital. Pakistan’s VC Fatima Gobi Ventures participated in the round as well. Safepay’s seed round has been finalized after the firm recently graduated from Y Combinator’s Summer 2020 batch.
Stripe reportedly invests in Pakistan-based Safepay Monday 15 February 2021 13:22 CET | News
Fintech Safepay has reportedly acquired seed funding from global financial technology company Stripe, according to Crowdfund Insider.
Safepay hasn’t disclosed the amount it has received but claims that it’s a seven-figure (USD) amount. Other local and international investors also took part in the Pakistan-based fintech firm’s investment round. As first reported by Menabytes, the round includes contributions from Germany-based Global Founders Capital (which recently made investments in Bazaar), US-based HOF Capital, Soma Capital, and Mantis Venture Capital. Pakistan’s VC Fatima Gobi Ventures participated in the round as well. Safepay’s seed round has been finalised after the firm recently graduated from Y Combinator’s Summer 2020 batch.
Safepay, a Karachi-based fintech, announced that it has raised a seven-figure seed funding round led by Stripe, the global payments platform. File
Safepay, a Karachi-based fintech startup, announced that it has raised a seven-figure seed funding round led by Stripe, the global payments platform, it emerged on Thursday.
Safepay was founded in 2019 by Ziyad Parekh and Raza Naqvi with the aim of increasing the acceptance of online payments. It launched a beta product in 2019 which scaled quickly to reach 300 merchants across the country and became particularly popular among other startups.
However, services were taken offline a year later as the company initiated its next stage which required working within the framework of the State Bank of Pakistan (SBP).
Pakistani startup Safepay secures funding from Stripe and others: report
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Safepay was founded in 2019 by Ziyad Parekh and Raza Naqvi
Duo had launched their beta product in 2019 and was quickly able to provide online payment services to more than 300 merchants in Pakistan
Safepay to relaunch services after finding right financial partners
Pakistani startup Safepay has managed to raised seed fund of seven figures (USD) from global financial technology platform company Stripe and others reported
The Karachi-based startup told the publication that they were able to raise funds in seven figures but did not disclose the exact amount that they were able to accumulate from local and international investors.