Pakistan’s embedded finance platform Neem has raised $2.5 million in a seed funding round as it works to support underbanked communities in the country.The Karachi-based startup targets communities across sectors including agriculture, MSMEs, e-commerce, logistics, healthcare and others. Over time, the startup plans to go beyond Pakistan and support underbanked communities in other developing markets. The seed funding, which the startup aims to use to expand its existing team of 20 people, roll out the BaaS platform and capitalize licenses, was led by Seoul, South Korea-based venture capital fund SparkLabs Ventures. Three-year-old Neem was founded by Nadeem Shaikh, Vladimira Briestenska and Naeem Zamindar who previously worked as fintech entrepreneurs, operators and VCs.