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Karachi-based fintech Safepay bags funding from Stripe - Business


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). ....

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Playing by the deal book - Newspaper


Startups in the country raked in $66.24 million of capital across 50 deals in 2020. Reuters/File
Soon after the pandemic broke out, people from all around the world began calling it a Black Swan event and with good reason. Equities around the world saw a bloodbath. Our KSE-100 index lost over 12,000 points in less than three weeks during March.
All of this obviously pointed to the impending doom for investments tech and private markets included. Yet what followed was the exact opposite and, frankly, a little baffling to a sane mind. Venture funding continued unabated globally, along with a record year for initial public offerings (IPOs) since the dot-com bubble. The local technology sector too finally had its moment on the Pakistan Stock Exchange (PSX) while the startup ecosystem saw some big rounds taking place. ....

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