LAHORE ( PRESS RELEASE ) Karandaaz Pakistan, with financial support from the UK’s Department for International Development (DFID), is helping the Securities Exchange Commission of Pakistan (SECP) digitalise its key operations. In the first phase of this process, a digital Secured Transactions Registry (STR), governed by The Financial Institutions (SecuredRead More →

LAHORE ( PRESS RELEASE ) Karandaaz Pakistanis providing financing to Excel Labs to initiate COVID-19 testing. With this funding, Excel Labs is building its capacity to carry out an estimated 500 tests daily and more than 10,000 tests a month. This emergency response will help the country build critical testingRead More →

LAHORE ( PRESS RELEASE ) U Microfinance Bank Ltd. signed a grant agreement with Karandaaz Pakistan, with funding from Bill & Melinda Gates Foundation. The grant will help U Bank further its mission of financially including more women. U Bank won the grant through a competitive application process via Karandaaz’sRead More →

ISLAMABAD (PRESS RELEASE) Karandaaz Pakistan under its third round of Innovation Challenge Fund (ICF) has signed an agreement with Allied Bank Limited (ABL) to support the bank for developing an innovative, cash-flow based, credit scoring model for small and medium enterprises (SMEs). During this annual challenge, Karandaaz had invited ideas fromRead More →

KARACHI (PRESS RELEASE) Karandaaz Pakistan announced ‘Matilda Solutions’, ‘Love for Data’, and ‘AgriMart, as the winners of its third round of annual FinTech Disrupt Challenge after a close competition between 16 extraordinary technology startups with ideas for financial inclusion. The three outstanding FinTechs will each receive a funding up toRead More →

KARACHI (PRESS RELEASE) Fintech Factory, Pakistan’s first and only financial technology focused accelerator program in collaboration with TPS, Sybrid, Rapidcompute, JS Bank & Takaful Pakistan, is progressing towards Karandaaz’s 3rd Fintech Disrupt Challenge finale in full swing. Karandaaz, Pakistan’s leading promoter of financial inclusion and associated technology, partnered with FintechRead More →

ISLAMABAD (PRESS RELEASE) Nineteen promising FinTechs have been bustling with excitement and morphing their raw ideas into scalable solutions as part of Karandaaz Pakistan’s FinTech Disrupt Challenge (FDC) 2018, for which Karandaaz has funded FinTech Factory to provide accelerated support to these startups. The mentoring from some of the mostRead More →

ISLAMABAD (PRESS RELEASE) The Pakistan Credit Enhancement Facility (PCEF) was introduced to public and private sector stakeholders today in a conference co-hosted by Karandaaz Pakistan and UK’s Department for International Development (DFID) in Islamabad. The local currency credit enhancement facility is being set up to address and overcome existing constraintsRead More →

KARACHI (PRESS RELEASE) Grantees of Karandaaz Pakistan FinTech Disrupt Challenge showcased innovative technology-based solutions for financial sector at an event here in Karachi. Karandaaz Pakistan has been successfully running its annual FinTech Disrupt Challenge since 2016 and provided grants to some of the most innovative ideas for development, implementation, andRead More →

ISLAMABAD (PRESS RELEASE) State Bank of Pakistan and Karandaaz signed an agreement today under which Karandaaz will support State Bank’s efforts to create an enabling environment based on international best practices for digital banks. Karandaaz will provide technical assistance to the State Bank of Pakistan for formulating legal and regulatoryRead More →

ISLAMABAD ( PRESS RELEASE ) Karandaaz Pakistan,a Section 42 company working to promote access to finance for small businesses and financial inclusion in the country has launched a study on Warehouse Receipt (WHR)financing in Pakistan. WHR financing is a form of institutional credit that is extended by banks to farmersRead More →

ISLAMABAD (PRESS RELEASE ) United Kingdom’s Department for International Development (DFID) is supporting the growth of small and medium enterprise (SME) sector in Pakistan through Karandaaz Pakistan. The DFID Director General for Economic Development, Rachel Turner, currently visiting Pakistan, attended the signing of an agreement between Karandaaz and Bank Alfalah Limited.Read More →