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.
Ignite, PITC sign MoU for engineering researchers
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Ignite, PITC sign MoU for engineering researchers
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Ignite, PITC sign MoU for engineering researchers
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.
Pakistan launches growth funds for startups
Business
February 10, 2021
ISLAMABAD: Pakistan on Tuesday launched the country’s first investment platform to give tech startups access to early-stage and growth funding.
Called ‘PakImpactInvest’, the platform was initiated by the ministry of information technology and telecommunications and its tech innovation arm, Ignite (National Technology Fund).
IT Minister Amin Ul Haque said one of the key challenges of the new technology-based startups is access to early stage and growth stage capital and “I’m sure that this initiative will bridge the gap in an efficient manner”.
Accelerate Prosperity, a joint initiative of the Aga Khan Foundation and Industrial Promotion Services, will assist the ministry and Ignite as the technical advisory partner for co-designing and launching of the investment platform.