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.

The post Karandaaz Pakistan signs grant agreements with FinTech Disrupt Challenge 2017 winners appeared first on Techlist.

When the prize of 10 million was announced for the winners of FinTech Disrupt Challenge, 2016 many were enthusiastic. It was organized by Karandaaz Pakistan in collaboration with the LUMS Centre for Entrepreneurship (LCE). Many startups were interested to participate. From 63 applications 28 startups were shortlisted by the judges’ panel that included the popular judge;

Romana Abdullah
Asad Azfar
Amaar Ikhlas
Yasser Bashir
Naeem Zamindar
Mohsin Termezy

After the selection of 28 startups the final day of FinTech Disrupt Challenge was on Sunday. All the participants were enthusiastic and presented their best ideas to judges and audience. Their ideas were about financial transaction system, the promotion of business and the selling of products etc.

At the beginning of the event LCE Executive Director Khurram Zafar addressed and welcomed everyone saying, “Access to seed capital is a major impediment to start-up growth in Pakistan. I hope that others follow suit and are able to financially support young, innovative start-ups so they can grow into large businesses of tomorrow spurring economic and jobs growth.”

On the event Pakistan Microfinance Network Board Chairman Nadeem Hussain also discussed the problems and challenges. He also gave the solutions for the financial problems. This all was discussed in the talk that was titled as ‘Unbundling Commercial Banks’. The other discussion was delivered by Qasif Shahid the CEO and founder of Finja  in which he highlighted the potential of technology and the value created by such technologies. This was named as ‘Design Mechanics for Setting up FinTech Operations in Pakistan.’

Then next day Karandaaz & LCE announced 23 Startups as the Winners of FinTech Disrupt Challenge.

The post LUMS, Karandaaz Pakistan, Hold FinTech Disrupt Challenge 2016 appeared first on Techlist.

A chance for startups to win rewards of 10 Million Pakistani Rupees!

The young FinTech startups are getting a chance to avail a motivational startup campaign for their career and future. The campaign that has been launched by the name of FinTech Disrupt Challenge 2016 by Karandaaz Pakistan, along with LCE that is LUMS Center for Entrepreneurship.

It’s just not a campaign but it is a chance to win 10 million PKR, not for one person but three potential, enthusiastic and hardworking startups with the beat ideas.

This campaign aims to motivate young startups to explore their talents and present their ideas with a twist. The startups will work more if they are challenged and rewarded.

Young Startups will have to work on their many areas as this challenge is going to test nit just their management of business but it will also focus on their product and services related to costs, insurance, financial statements and many more.

Interested young startups can register themselves till 11 of November 2016.

All the startups can register to compete against each other for the reward and praise even the startups having low financial resources as the financial aid will be provided by the campaign arrangers.

Firstly all the applications would be evaluated and than the best startups would be shortlisted.

On 27 of November, the event names Disrupt Day will be held where the selected participants will demonstrate their idea in front of judges from Karandaaz, LCE and other private sectors who will decide three lucky startups who will be given rewards of 10 million PKR.

So startups don’t give it a second thought and apply for FinTech Disrupt Challenge 2016 and who knows that you would be one having the share in the reward. Startups should apply from here.  We wish all startups a very good luck!

The post Chance To Win $100,000 in FinTech Disrupt Challenge 2016 appeared first on Techlist.