The first gender-inclusive fintech company, Oraan, based in Pakistan has raised $3 million in seed funding, the largest received by a women-led business in Pakistan. The company has decided to expand to more financial services and become a digital bank. Asad Umar, minister of planning, development, and special initiatives applauded the initiative as well.
Halima Iqbal and Farwah Tapal decided to start Oraan in order to enable women to get access to financial services in 2018. Oraan developed gender-specific financial products and services in Pakistan. Oraan plans to use this funding to expand into other products and capitalize on its sticky user base.
Source: Geo News