KalPay operates a nationwide digital financing platform built around Shariah-compliant credit structures. Its flagship offerings are KalPay Taleem, which finances tuition and skills-development expenses, and KalPay Rasayi, which provides short-term installments for items such as laptops, mobile phones and electric vehicles. The company blends proprietary credit-assessment technology with partnerships with educational institutions, retailers and consumer brands to serve individuals and households that lack access to traditional bank credit. By emphasizing transparency and affordability, KalPay aims to broaden financial inclusion while remaining compliant with Islamic finance principles. The newly announced funding will be used to deepen national reach, onboard additional partners and scale both product lines. Founder Shershah Hassan states the firm remains focused on impact, operational discipline and sustainable growth as it expands.

Total raised

$1M

Funding rounds

3

Latest round

Equity

Latest activity

May 2024