Qist Bazaar raised Rs 800 million in a Series A funding round, with Bank Alfalah leading the investment with an additional Rs 55 million to support its buy-now-pay-later platform.

Feb 14, 2025•5 months ago

Amount Raised

₹800 Million

Round Type

series a

KarachiBankingLendingFintechFinanceFinancial Services

Investors

Bank Alfalah

Description

Bank Alfalah has reinforced its commitment to financial inclusion by increasing its investment in Qist Bazaar, a buy-now-pay-later platform. This investment is part of a larger Series A funding round aimed at supporting Qist Bazaar’s vision and growth.

Company Information

Company

Qist Bazaar

Location

Karachi, Sindh, Pakistan

About

Qist Bazaar is a fintech startup based in Pakistan that specializes in Buy Now Pay Later (BNPL) solutions. It is licensed as a Non-bank Financial Company (NBFC) by the Securities and Exchange Commission of Pakistan (SECP). The company aims to provide installment-based payment solutions to the unbanked and under-banked segments of the population. By facilitating access to credit, Qist Bazaar plays a crucial role in improving financial inclusion.

Funding Insights

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Qist Bazaar raised Rs 800 million in a Series A funding round, with Bank Alfalah leading the investment with an additional Rs 55 million to support its buy-now-pay-later platform.

Investors

Description

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