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Qisstpay Raises $15M, Cementing Itself As The Fastest Growing Emerging Markets Bnpl Player From Pakistan

Sep 29, 2021almost 4 years ago

Amount Raised

$15 Million

Description

QisstPay, Pakistan's first and fastest growing buy now pay later platform (BNPL), today announced that they have raised $15M across its seed & pre-seed rounds with a mix of equity and debt. MSA Capital led the round, with institutional investment participation from Global Founders Capital; Fox Ventures, First Check Ventures; and a series of strategic angel investments from Simone Mancini and Johnny Mitrevski, Co-Founders of Scalapay, who recently raised a $155M Series A round at a $700M valuation; Ashley Davies, former CFO of Venmo and current Sylp CFO; former C Suite at Affirm; Adam Mawdesley, VP of Partnerships & Product at Splitit; and United Bank Limited of Pakistan.

Company Information

Company

Qisst Pay

About

QisstPay is an installment payment service for emerging markets. QisstPay is a Buy Now, Pay Later platform that, when chosen at checkout, allows customers to pay in installments with 0% interest. They are addressing the lack of flexibility, integration, and the hidden fees currently plaguing Pakistan's BNPL landscape by giving customers an efficient, adaptable, interest free platform. Press Contact: Kathy Osborne, Press@qisstpay.com SOURCE Qisstpay

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech