Learn how the Pakistani FinTech startup NayaPay got ranked on CB Insights FinTech 100 list to act as the primary driver for driving financial innovation and inclusion across Pakistan.
NayaPay, a Pakistani FinTech startup enters CB Insights 2024 Fintech 100 list. The annual list showcases early and mid-growth, FinTech companies, striving in the field of innovations, across the globe. These achievements make NayaPay stand out among future-oriented companies influencing the financial services industry’s development.
Selection Criteria and Impact:
Laura Kennedy, Principal Analyst at CB Insights, said:
“CB Insights identified the 100 companies by relying on funding, partnerships, investors, and the number of employees. NayaPay’s inclusion is important because it is one of the 52 foreign players and one of the 17 emerging market players. The 2024 winner is distinguished for its AI deployment, fraud prevention, and reinforcing financial inclusion across developing economies.”
NayaPay’s Mission in Pakistan
NayaPay CEO Danish Lakhani expressed gratitude for the recognition and said that the company is focused on delivering digital financial services to Pakistan’s excluded and financially unserved people. Moreover, NayaPay is poised to become an industry leader that can provide everyday citizens and businesses with accessible, secure, and reliable financial solutions that fit the current Pakistani digital ecosystem.
Past Awards and Sustainability of More Inventions:
This global recognition also joins a list of previous honors for NayaPay such as Forbes Asia 100 to Watch List and the Pakistan Banking Award for the Best FinTech. Additionally, it provides a solution for managing day-to-day activities and financial needs in Pakistan by redefining the concept of financial management.
Moreover, in early 2022, NayaPay closed a funding round of $13M, which was the largest seed round at that time in South Asia.
Therefore, the integration of innovation still chugs on intensively in NayaPay which keeps enhancing its position towards the growth of the digital economy of Pakistan also makes NayaPay worthy of being considered a leader in FinTech.
