#sadapay

[gretchenpark23]

Pakistan's Fintech TAG Raises Funds at $100 Million Valuation

Pakistan's Fintech TAG Rakes Funds at $100 Million Valuation

Last year, startup firms in the world's fifth-largest economy raised unprecedented amounts of funding - surpassing what they raised combined over six years. Now, venture capitalists are increasing their investments as Pakistan's startup ecosystem continues to blossom. Additional info found at Targeted Advertising Group.

The flourishing startup sector in Pakistan is drawing international investors, with firms such as Tiger Global Management, Kleiner Perkins and Dragoneer Investment Group making their first-time investments here. Local startups have raised an incredible $250 million this year alone - more than their total funding over the previous six years combined!

Though Pakistan boasts an impressive number of startups, not all succeed. In fact, 10% of new businesses fail within their first year and 70% in both second and third years after launch.

Factors such as funding, community support and stakeholder loyalty all play a role in whether or not a startup will succeed. There's no denying the impact good people can make on a startup's success; whether this includes investors, advisors and stakeholders who will stick by its side through thick and thin.

Investing in TAG

The TAG ecosystem is growing rapidly, and many players in Pakistan's startup scene have already recognized its potential. The startup has raised funds from Y Combinator, Liberty City Ventures and Canaan Partners among others.

TAG provides banking financial services in South Asia, enabling public and private firms to pay their employees using TAG accounts as well as Visa-powered virtual and physical cards. Signing up on the platform takes just three minutes, with users being able to pay other people online and top up utility bills quickly.

At present, TAG is in a pilot stage and only a select number of customers can avail its services. However, it has signed contracts with FWO, an established telecom provider, and Fatima Group - owner of Pakistan's largest conglomerate - to expand its customer base.

At present, it is focused on expanding its presence and building an extensive user base in Pakistan. It aims to have 1.2 million wallets on its platform by 2023.

As TAG expanded, it faced numerous challenges. Most notably, TAG had to contend with the monopoly of banks in the financial services industry.

In July, the startup sought out alternative banking options for its clients and launched a digital platform that allows people to make payments from their smartphone or computer.

TAG wants to revolutionize Pakistan's traditional financial services industry by giving customers access to online banking through its service. Currently, they're working on a pilot project with a select number of customers which will include transferring funds from an account at another financial institution to TAG.

TAG continues to experience difficulties as it attempts to establish itself as a major player in Pakistan's electronic payments space. This is because banks still hold a monopoly over financial services in Pakistan, and there are other competitors such as SadaPay that compete against them.

[shehrozsheikh]

Thank you SadaPay for this precious #gift... #sadapay #thankyou #swag #sada (at Karachi, Pakistan) https://www.instagram.com/p/CfPeHTvqeLS/?igshid=NGJjMDIxMWI=

[techboilers]

SadaPay & NayaPay: Everything You Need To Know!

SadaPay & NayaPay: Everything You Need To Know! #SadaPay #NayaPay

SadaPay & NayaPay are the newest entrants in the microfinance banking scene in Pakistan. Just like JazzCash, and EasyPaisa, they are also microfinance banking systems. Microfinance banking has become a norm in developing countries. It provides people with lesser income, access to financial services. Freelancers and owners of small businesses are benefitted the most. More than 500 million people…

[infozonepk]

Mastercard launches the MEA Region's First Numberless Card in Pakistan with SadaPay

Mastercard launches the MEA Region’s First Numberless Card in Pakistan with SadaPay

Building on the partnership announced in Pakistan in 2020, SadaPay and Mastercard are issuing the Middle East & Africa (MEA) region’s first numberless and contactless enabled card, allowing users to transact in simpler, faster and more secure way. This announcement further strengthens Mastercard’s commitment to promoting financial inclusion in emerging markets and encouraging the adoption of…

[safwankhan1-blog]

Sadapay

Introduce yourself and tell us about Sadapay? I’ve been a technology entrepreneur for 14 years across energy, big data, enterprise…

The post Sadapay appeared first on Startupily | Everything You Need to Start a Business.

from Sadapay

[devilz1]

Sadapay UI/UX

My Experience! Sending money or paying bills, transfer here and there, is very common thanks to #covid19pandemic in #pakistan. I’m doing online/app based banking since 2015, but after using #sadapay app the experience is really different. 1) ease (I’ll rate 8) simple no complications thanks to in app guidance videos.2) UI/UX (I’ll rate 7/7) so they can improve it.3) safety & biometric (7)4)…

[rustclasses]

What is nayapay? (nayapay vs sadapay)

[zulfiqar-rao]

Check out SadaPay! Use my link to sign up for Pakistan’s first numberless debit card that works internationally 🙌

https://invite.sadapay.pk/8022PoHjjrb

You can also use my referral code in the app to help bump me up the waitlist:

2AHPYT

[mobilesly]

A complete guide on Sadapay in Pakistan

SadaPay, like EasyPaisa and Jazz cash, is a new payment method in Pakistan that allows you to pay and receive money using your card, making your online business, freelancing, and e-shopping easier. The best part is that it enables international payments to be made without incurring any transaction costs. The aim of Sada is to make money management simple and quick. This is a huge benefit for…

[islamabadscene]

Pakistani fintech startup raises record $7.2 million in seed round

Pakistani fintech startup raises record $7.2 million in seed round

The company is waiting for its license from the regulator Islamabad- based fintech SadaPay raised $7.2 million in a seed round. Pakistan’s largest seed round was led by New York-based Recharge Capital. Other investors include Kingsway Capital, Raptor Group, and Ualá’s founder Pierpaolo Barbieri, Ribbit Capital’s Brian McGrath, former General Catalyst partner Ilan Stern, and Valon Technologies’…

[tpentzek]

La sociedad entre SadaPay y IDEMIA revolucionará y ampliará los servicios de pago digital en Pakistán

[9tnews]

SadaPay introduces t

[safwankhan1-blog]

Tweeted

New post on my blog: Sadapay https://t.co/yrqH6llikR

— startupily (@startupily) May 6, 2020

[tpentzek]

La sociedad entre SadaPay y IDEMIA revolucionará y ampliará los servicios de pago digital en Pakistán