Pakistan-Based Fintech Platform NayaPay Raises $13 Million Seed Round
Singapore – March 7, 2022 – Cooley advised NayaPay, a Pakistan-based fintech platform, on its $13 million seed funding round, which is one of the largest seed rounds in South Asia. Partner Ferish Patel led the Cooley team advising NayaPay.
The funding round brought together a diverse mix of leading global institutional and angel investors and was led by Zayn Capital, MSA Novo and Graph Ventures.
“NayaPay is empowering young Pakistani adults starting their financial journey, from students stepping into adulthood to freelancers and entrepreneurs taking an active role in managing their finances,” Danish A. Lakhani, CEO and founder of NayaPay, said in a press release. “Our goal is to continue to innovate and build functionality to become a part of their daily lives, for the rest of their lives.”
NayaPay’s mission is to make financial services simpler and accessible to millions of Pakistani users. The fintech has launched its chat-led super app targeted primarily at students and freelancers; and is building a software as a service-based platform called NayaPay Arc offering universal payment acceptance and financial management tools for small and mid-size businesses.
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