QisstPay Raises $15M, cementing itself as the fastest growing emerging markets BNPL player from Pakistan.
Pakistan’s First BNPL
QisstPay, Pakistan’s first and fastest growing buy now pay later platform (BNPL), today announced that they have raised $15M across its seed & pre-seed rounds with a mix of equity and debt. MSA Capital led the round, with institutional investment participation from Global Founders Capital; Fox Ventures, First Check Ventures; and a series of strategic angel investments from Simone Mancini and Johnny Mitrevski, Co-Founders of Scalapay, who recently raised a $155M Series A round at a $700M valuation; Ashley Davies, former CFO of Venmo and current Sylp CFO; former C Suite at Affirm; Adam Mawdesley, VP of Partnerships & Product at Splitit; and United Bank Limited of Pakistan.
QisstPay
QisstPay is an instalment payment service for emerging markets. They are addressing the lack of flexibility, integration, and the hidden fees currently plaguing Pakistan’s payments landscape by giving customers an efficient, adaptable, interest free platform. When chosen at checkout, QisstPay allows customers to pay for their purchase in instalments with 0% interest and no late fees.
QisstPay allows Pakistanis to pay for everyday necessities, effectively building better cash management in what is otherwise considered a very cash-driven society. The majority of people in Pakistan don’t have the financial background to get approved for credit cards and therefore...
Read Full Story: https://techround.co.uk/news/former-klarna-employee-builds-pakistans-first-bnpl/
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
