Tuesday, March 5, 2024

Safepay, a Karachi-based fintech raises 7-Figure (USD) Seed Funding from Stripe and Global Ventures

Pakistani fintech Safepay raises their Seed Funding from Stripe, Berlin-based Global Founders Capital, US-based HOF Capital, Soma Capital, and Mantis Venture Capital and also from Pakistani VC Fatima Gobi Venture.

In particular, Karachi-headquartered Safepay has become the first Pakistani Fintech to complete Y Combinator’s startup program. It has raised $150,000 in capital as well.

Safepay, founded in 2019 by Ziyad Parekh and Raza Naqvi, aims to serve as a digital commerce site payment gateway. The services of the Fintech firm allow merchants to accept payments by debit or credit card.

The Safepay team has developed developer-friendly tools that allow online companies to add easy payment options within minutes to their e-commerce websites or mobile apps. To make incorporate various payment options easier, Safepay offers different plugins. Major platforms such as Opencart, Shopify, WordPress, and WooCommerce will support the company.

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