NayaPay and DealCart, two Pakistani startups, have been featured on Forbes Asia’s 100 to Watch list for 2024, recognized for their innovation and potential in Pakistan’s challenging economic environment. NayaPay, founded in 2016, is a digital finance platform with over 1.8 million users, now expanding to offer financial management for businesses. DealCart, launched in 2022, is an online grocery platform catering to the middle class while supporting local stores. Their inclusion on the list underscores their potential to transform the fintech and e-commerce sectors in Pakistan.
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DealCart, founded by Haider Raza, is an online grocery platform focused on making shopping more convenient for Pakistan’s growing middle class. The platform offers a variety of products, including fresh produce and essentials, and allows small grocery stores to sell on the platform, expanding their reach. Raza aims to streamline grocery shopping, reducing the need for physical store visits.
Since its launch in 2022, DealCart has achieved significant milestones, raising $4.5 million in pre-seed funding and $3 million in seed funding from prominent investors. This funding has enabled DealCart to expand its operations, improve its platform, and grow its customer base.
NayaPay, founded by Danish Ali Lakhani, is a fintech startup focused on digitalizing transactions in Pakistan. The NayaPay app offers an e-wallet, virtual debit card, and online payments, making it easier for businesses to accept digital payments. Lakhani’s goal is to increase financial inclusion and reduce reliance on cash in the economy.
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