In recent news, a Lahore-based fintech startup called Taro Technologies has secured $3.5 million in pre-seed funding through numerous partnerships and angel investments. The startup primarily focuses on a Buy-Now, Pay Later business model where Taro accelerated its impact through its partnership with Dubai-based BNPL providers hyper-focused on instant point-of-sale financing for e-commerce and in-store transactions called Cashew Payments.
In regards to this strategic partnership, the CEO of Taro and former Apple engineer, Mustafa Khan, stated the following:
“Our collaboration with Cashew provides critical insights into risk, merchant acquisition, operations, and customer retention. Those insights paired with support from their experienced and accomplished leadership team position us for a strong launch and to quickly dominate the market.”
CEO of Cashew Payments, Ammar Afif, stated the following:
“We are delighted to partner with Taro, in providing ‘Buy now, Pay later’ solutions for merchants and consumers in Pakistan. As we’ve grown our business in the GCC, we recognized the need for retailers in Pakistan to have a seamless way of offering flexible payment options to consumers in multiple industries. Through our partnership with Taro, all retailers in Pakistan can soon rapidly activate Taro’s installment payments for consumers across all channels online and offline.”
Mustafa further added in regards to the Q1 proceedings:
“To prime our Q1 launch, we’ve also been busy on...
Read Full Story: https://www.techjuice.pk/pakistani-fintech-taro-technologies-secures-3-5-million-in-pre-seed-funding/
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