Breaking news from Pakistan! Digital lending platform AdalFi secures a massive $7.5 million in funding from a group of investors led by UAE-based COTU Ventures and Chimera Ventures, along with Pakistani-based Fatima Gobi Ventures and Zayn Capital, and a team of influential “angel” investors including executives from US fintech giant Plaid. This is the first major corporate financing announcement in the country for the year, and comes as Pakistan battles an ongoing economic crisis. Despite a challenging financial climate, AdalFi is leading the charge in startup funding, bucking the trend of declining investments in the region. AdalFi has revolutionized the financial sector in Pakistan by leveraging proprietary technology to help banks tap into a vast, untapped customer base. With only 30% of adults in the country having access to formal banking services, AdalFi’s B2B2C fintech platform is making waves by enabling personalized digital marketing to qualified prospe
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