NayaPay is a Pakistan-based fintech that combines messaging and payments in a single super-app, allowing users to send and receive money, split bills, and make payments from smartphones. It has issued virtual and physical Visa cards linked to the NayaPay wallet, enabling POS payments and allowing businesses to accept payments. The platform targets underbanked cohorts—especially students, freelancers and women—with the goal of banking millions of adults who currently lack access to formal banking. NayaPay holds an E-Money Institution license from the State Bank of Pakistan and aims to increase digital payments in a cash-heavy economy where only 1% of roughly $4 trillion in payments are electronic. The company plans to expand its product offering to include lending and investment services, such as money market funds and stock trading, as it scales. Management targets 5 million users over the next five years and plans to build payment acceptance and financial-management tools for businesses.

Total raised

$13M

Funding rounds

1

Latest round

Seed

Latest activity

Feb 2022