A Pakistan-based fintech startup, SadaPay, has raised a $10.7M round to expand its team and launch services, IgbereTV reports
The startup’s Founder, Brandon Timinsky, confirmed the development, in a press release on Friday.
The round comes as an extension of its March 2021 seed round, initially recorded at $7.2 million.
Returning investors in the round include US-based Recharge Capital, Raptor Group, and London’s Kingsway Capital.
Ripples Nigeria gathered that the startup was founded in 2018 with the aim to dissolve the intimidation factor that exists in Pakistan’s unbanked population.
According to the press release, the country’s unbanked population stands at approximately 100 million adults, going on to describe it as the world’s third largest unbanked population
