SafePay, a fintech firm based in Pakistan, announced that it has raised a seven-figure investment in a new financing round.
More funding details
- Lead investors: Stripe and an undisclosed global financial technology firm
- Stage: Seed round
More company updates
- Safepay will use the new funds to invest in engineering talent as it focuses on increasing digital payment acceptance in Pakistan, moving beyond credit and debit cards to include mobile wallets and bank accounts.
- The company aims to accelerate digital payment adoption by targeting a wave of entrepreneurs from the ecommerce industry.
- Investors including Global Founders Capital, HOF Capital, Soma Capital, Mantis Capital, and Fatima Gobi Ventures have also backed Safepay in the past.
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