Pakistani startup raises $2m in seed investment
Faisalabad-based fintech aims to create financial ecosystem for informal sector
KARACHI:
DigiKhata, a startup that aims to create financial ecosystem for the informal sector, has raised $2 million in seed investment.
“We have a bigger goal to develop a financial ecosystem for an informal sector that avoids coming into the tax net,” said DigiKhata Founder and CEO Adnan Aslam, who is a chartered accountant and has a background in working with telecommunication companies and an airline firm.
In more than 70 years, only three million tax return filers were registered in a population of more than 210 million people. It is a failure, he said while speaking to The Express Tribune.