December 17, 2021
1 min read

Tiger Global invests in Pakistan

CreditBook aims to improve the financial outcomes of small and medium businesses across Pakistan….reports Asian Lite news

US-based investment firm Tiger Global has made its first investment in Pakistan — in fintech startup CreditBook which has raised $11 million in its pre-Series A round, the media reported on Friday.

Started in 2020 by entrepreneurs Hasib Malik, Iman Jamall (one of the few female co-founders in the country) and Hisham Adamjee, CreditBook helps micro-entrepreneurs digitise and keep records of their transactions.

Other investors in the fresh round included Better Tomorrow Ventures, Firstminute Capital, Banana Capital, VentureSouq, Ratio Ventures and i2i Ventures, as well as individual investors Sriram Krishnan and Julian Shapiro, reports TechCrunch.

CreditBook aims to improve the financial outcomes of small and medium businesses across Pakistan.

Starting with a simple digital ledger, the company has been building secure software for millions of businesses to manage their credit, sales and expense cycles.

CreditBook in May this year raised $1.5 million in seed funding in a round that included both international and local investors.

The app helps micro, small and medium enterprises (MSMEs) with their bookkeeping and cash flow management. CreditBook also sends reminders on WhatsApp and SMS which makes payment recollection three times faster.

Two of the company’s founders — Jamall and Malik — were recently named in the Forbes Asia 30 under 30 List in the Social Impact category.

Jamall had said that the startup would ensure that growth was meaningful by “spending time with our users”.

“We’re also excited to have a strong group of investors who understand and support our approach,” she added.

ALSO READ: CHINESE DEBT TRAP: Pakistan Goes Lanka Way

Previous Story

Restoring transportation links, FTA next stage of India-Bangladesh ties

Next Story

Nirbhaya the Shero

Latest from -Top News

WAVES 2025: Jaishankar Advocates Cultural Pluralism

External Affairs Minister S. Jaishankar delivered a powerful address at the WAVES 2025 Global Media Dialogue, highlighting the significance of cultural pluralism in shaping global change. Speaking on the second day of

India Eyes Supply Chain Shift

India’s electronics manufacturing sector is undergoing a remarkable transformation, positioning the country as a major global hub for production and supply chain diversification. Riding on favourable government policies, geopolitical tailwinds, and a

Carney Confirms May 6 White House Visit

Canadian Prime Minister Mark Carney will travel to Washington on May 6 for a high-stakes meeting with US President Donald Trump, just days after taking office following a contentious federal election. Speaking

Rubio Backs AfD, Slams Berlin

US Secretary of State Marco Rubio has strongly criticised Germany for officially classifying the far-right Alternative for Germany (AfD) party as an extremist organisation, accusing the German government of undermining democracy under

India Bans All Pakistan Imports

In a sharp escalation of diplomatic hostilities, India has banned all direct and indirect imports from Pakistan with immediate effect, following the brutal terror attack in Jammu and Kashmir’s Pahalgam region that
Go toTop

Don't Miss

Pak FM Qureshi to join Heart of Asia meeting

The Heart of Asia process facilitates a platform for regional

Saudi deputy defense minister holds talks with Lloyd Austin

Prince Khalid met with US Defense Secretary Lloyd Austin, who