Pakistani fintech Oraan raises fresh funding from Epic Angels, WaveMaker

Epic Angels, the largest global all-female investment collective, has announced an investment in Oraan, a Pakistani fintech that has turned traditional women-led savings circles into a digital platform for saving, credit, and now gold. 

Epic Angels did not disclose the size of the investment. Returning investors WaveMaker and i2i Ventures also joined the round, according to a statement.

The funds raised will be used to grow Oraan's gold savings product, build out its gold inventory, and support expansion into new markets.

Oraan was founded in 2018 by Halima Iqbal, a former investment banker, and designs products around credit, insurance, and savings for women in Pakistan.

According to the statement, only 2% of women in Pakistan have access to credit. Yet an estimated 60 million Pakistani women already save and lend through informal savings circles, locally known as committees, moving billions of dollars a year outside the formal financial system.

Oraan digitises this system, allowing women to pool money monthly and take turns receiving the full amount, giving them access to a lump sum without needing a credit history or bank relationship.

In November 2025, Oraan launched a gold savings product that lets users buy fractional gold through price-locked monthly instalments. The product has grown nearly 75 times in its first seven months.

The fintech is also expanding beyond Pakistan and has signed a deal to license its savings and credit platform to a regional bank, extending its model to millions of customers in a new market.

"Women in Pakistan were never waiting for financial products; they were waiting for the financial system to catch up to how they already save," said Halima Iqbal, founder and CEO of Oraan. "Committees/ROSCAs gave us their trust, gold gave them ownership, and now our technology is travelling to markets far beyond Pakistan. This round lets us do more of all three," she added.

Maaike Doyer, founding and managing partner at Epic Angels, said access to credit for women in Pakistan isn't a technology problem but a trust problem, which Oraan solved by digitising something millions of women already use and believe in, rather than trying to replace it.

"We first backed Oraan in 2021, and we're proud to continue supporting Halima and her team as they bring savings, credit, and now gold to more women, and we look forward to supporting their growth by leveraging our global collective of investors," Doyer said.