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Karandaaz Pakistan signs grant agreements with FinTech Disrupt Challenge 2017 winners

FinTech Disrupt Challenge 2017


Karandaaz signs four grant agreements with the four winners of the FinTech Disrupt Challenge 2017.

Karandaaz is Pakistan’s best and leading technology and inclusion platform that aims to find out the talented, amazing and distinctive startup ideas across the Pakistan that can help initiate a positive change in the society.

The event of signing the grant agreements was held at Islamabad where the CEO of Karandaaz Pakistan, Mr. Ali Sarfaraz signed the agreements with the winners of FDC 2017.

These included the CreditFix.  It is the winner of FDC  2017 and was founded by Owais Zaidi. Karandaz decided to grant the startup with the amount of USD $100,000.

The runner ups who include Agri-Gate by Saad Tamman, UniKrew Solution by Naveed Tejani, Syed Taha Ali, and Muhammad Naveed Shareef, and Invoice Wakalah by Muhammad Waseem Sheikh were also granted  but for them it was  USD $20,000 each.

Karandaaz had invited people from all across Pakistan to take part in FDC 2017 from fields like financial services, payments, e-commerce, interoperability, and early stage ideas related to mWallet use cases, education of financial services through technology, customer engagement/experience, micro credit, and digital savings.

Also banks, government regulators, incubators, and complimentary actors from the FinTech industry were present at the event  to witness the win and ideas of the shortlisted participants. The competition grew tough as the participants put forth the ideas in front of the judges.

The CEO of Karandaaz Mr. Ali was of the view,

“We are confident that the grants we have released today will help these promising start-ups go to market and change Pakistan’s financial services landscape for the better.

The FinTech Disrupt Challenge is a remarkable platform through which we give emerging and aspiring fin-tech players of Pakistan an opportunity to materialize their passion of promoting financial inclusion in the country. I wish CreditFix, Invoice Wakalah, UniKrew, and ‘Agrigate’ the very best of luck for the future.”

Karandaaz Pakistan is trying to improve the life style of people and solving many financial problems of Pakistan. Thus to fulfill the aim FDC was created.


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