With $3mn in funding, UAE-based edtech and work marketplace Qureos enters Pakistan
UAE-based Qureos, which calls itself an edtech and future of work marketplace, seeks entry into the Pakistani market after their pre-seed fundraising.
On...
Hackers steal $41mn worth of bitcoin from Binance cryptocurrency exchange
HONG KONG: Hackers stole bitcoin worth $41 million from Binance, one of the world's largest cryptocurrency exchanges, the company said on Wednesday,...
‘Only’ Pakistani cryptocurrency rises by 60pc, post SBP crypto ban
Last month, the State Bank of Pakistan in an announcement posted on its website, banned cryptocurrencies in the country.
In the statement, the...
PTA issues detailed order, retains ban on PUBG
ISLAMABAD: Pakistan Telecommunication Authority (PTA) on Monday issued a detailed order which said that the online game PlayerUnknown's BattleGround (PUBG) will remain...
Hyphen’s internal audit software enters international market
Pakistan has recently seen decent growth in IT related exports, and “Abilite” – Pakistan’s first Internal Audit Software – developed by Hyphen...
The problem is access to credit, not payments claims Abhi CEO at World Economic Forum
Representing Pakistan’s fintech community at World Economic Forum, Omair Ansari claims it is a fallacy that Pakistan has a big unbanked population because of the impact of the telcos.
British Airways cancels flights following IT failure
LONDON: British Airways was forced to cancel some flights to and from London on Wednesday after it suffered "a systems issue".
Reports suggested dozens...
EduFi raises $6.1mn to help students in Pakistan access loans for education
A new fintech startup EduFi wants to make education more affordable and accessible for students in Pakistan. The Singapore-based startup has raised...
Update: Bazaar denies report of raising $15m in seed round
LAHORE:
B2B e-commerce marketplace Bazaar has denied an earlier story by Profit that it is currently in an active process to raise $15...
Cheetay seeks to enter difficult business segments, seize market share
Cheetay.pk is intending to enter the grocery delivery segment this September and will commence services from Lahore
Uber in talks with Careem to acquire majority stake: Report
In January, it was reported Careem was contemplating an initial public offering (IPO) by 2019
Careem pilots drone deliveries to study prospects of scaling in Pakistan
LAHORE: Ride-hailing and last-mile delivery platform Careem Thursday flirted with the idea of doing drone deliveries and dropped a teaser informing customers...
With pandemic abating, Naspers backs Bykea in $13mn Series-B round
ISLAMABAD: What do you do when you are a startup and you have survived a ruthless pandemic? If you are Bykea, you...
Ignite to fund game-changing startups in Pakistan
LAHORE: In an exclusive interview with Profit, Ignite’s Chief Executive Officer Yusuf Hussain shared his vision of how the ‘national’ tech fund...
Pakistani fintech SadaPay raises $7.2m in seed round
LAHORE: SadaPay, a Pakistani FinTech startup, has announced raising $7.2 million in the recent seed round, totalling its funding to $9.3 million...