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Pakistan central bank orders fintech Tag to refund customers

Pakistan's central bank has ordered fintech Tag to "immediately" refund all customers' funds citing violation of regulatory...

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Sequoia backs fintech Dbank in maiden Pakistan investment

Pakistan's Dbank has raised $17.6 million in a seed round, the largest in Pakistan, from Sequoia Capital Southeast Asia, Kleiner Perkins and...

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Venture capital funding may have slowed, but VC firms have no problems raising new funds

Three firms discuss their funds and any concerns that limited partners had brought up during the fundraising stage.

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Pakistan’s Airlift shutting down following funding crunch, sources say

Airlift, Pakistan’s most valuable startup, is shutting down, two sources familiar with the matter told TechCrunch, following its inability to raise...

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Rider is taking a nimble approach to e-commerce logistics in Pakistan

Rider is on a mission to provide online shoppers in Pakistan with “Amazon-like” next-day deliveries. The Karachi-based company announced it has...

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Alibaba extends logistics arm to Pakistan for e-commerce unit Daraz

Cainiao, the logistics service operated by Alibaba, is launching two automated distribution centers in Karachi and Lahore as its first entry into...

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Dear Sophie: What are the visa options for international founders?

I started a startup in Pakistan with a couple of co-founders a few years ago. One of the co-founders and I want to move to the United States to...

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Daily Crunch: PayPal Ventures leads $50M Series B for Egyptian fintech Paymob

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Egyptian fintech Paymob raises $50M led by PayPal Ventures and Kora Capital

Egyptian fintech Paymob, which enables merchants to accept digital payments online and in-store, announced today it has raised $50 million in Series...

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Rali_cap gets backing from global VCs and launches $30M fintech fund for emerging markets

Rali_cap, an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. Last month, the firm, formerly...

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Daily Crunch: In latest earnings release, Twitter admits to miscounting users for the second time

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Oware is streamlining Pakistan’s supply chain

Managing goods as they make their way through multiple warehouses and logistics providers is one of the biggest headaches that businesses in the...

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Tofino Capital reaches first close of $10M fund to back startups in frontier markets

Tofino Capital, a venture capital firm targeting early-stage startups in emerging markets, has launched its $10 million fund. It is announcing the...

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Daily Crunch: Elon Musk sets sights on Twitter with unsolicited $43B takeover bid

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Pakistan’s Zaraye, a B2B supplies platform, raises $2.1M from Tiger Global and Zayn

Obtaining raw materials is a major pain point for Pakistan’s manufacturers, who need to have multiple phone calls with suppliers while waiting for...

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Daily Crunch: EU, US reach ‘agreement in principle’ on trans-Atlantic data flows

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

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Colabs gets $3 million seed to expand across Pakistan, launch back-office SaaS solution

Lahore-based coworking space startup, Colabs, is set to roll-out a SaaS product to enable businesses meet back-office needs including company...

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NetWalker ransomware operator extradited to the US, over $28M in bitcoin seized

A former Canadian government employee accused of carrying out dozens of ransomware attacks has been extradited to the United States, with more than...

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NayaPay secures $13 million, largest seed funding in South Asia for its messaging and payment app

Pakistan-based fintech platform NayaPay has raised $13 million in a seed round to roll out its multi-service messaging and payment app, and to build...

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App Annie: Global app stores’ consumer spend up 19% to $170B in 2021, downloads grew 5% to 230B

Consumer spending on mobile apps reached $170 billion in 2021, according to App Annie’s newly released “State of Mobile 2022″...

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Nigerian ethical credit-recovery fintech Bfree secures $1.7M, expands to Asia, Europe, South America and across Africa

Bfree, a Nigerian credit management fintech, has embarked on global expansion after raising $1.7 million in a pre-Series A round, to tap the...

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Taptap Send raises $65M to build cross-border remittances focused on the most underserved markets

Cross-border remittances — when people living and working abroad send money back home to friends and family — continues to be a huge part...

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Tiger Global backs fintech CreditBook in first Pakistan investment

Two years ago, a group of entrepreneurs in Pakistan began surveying the market to understand why financial services weren’t reaching the majority...

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Opontia gets $42M to buy more e-commerce brands in Eastern Europe, Middle East and Africa

E-commerce roll-up play Opontia launched in June, raising $20 million in debt and equity to acquire older, small e-commerce brands in the Middle East...

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Abwaab raises $20M Series A led by BECO Capital to expand across MENA and Pakistan

Jordan-based online learning platform Abwaab has raised $20 million in a Series A funding round (following a $5 million seed round in March of this...

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Arbisoft co-founder Yasser Bashir on building trust with early-stage startups

Arbisoft is the latest addition to our series profiling startup software consultants. Its CEO Yasser Bashir shared thoughts on agile development,...

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Tazah gets pre-seed funding to make Pakistan’s agriculture sector more bountiful

The founders of Tazah Technologies, a B2B agriculture marketplace in Pakistan, met while serving leadership roles at Uber subsidiary Careem. Abrar...

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Oraan raises $3M to increase financial inclusion among Pakistani women

After working as an investment banker in Canada for a decade, Halima Iqbal moved back to Pakistan in 2017 and quickly realized how difficult it is...

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