PostEx offers merchants upfront payments against cash-on-delivery orders paired with an attached logistics service, only extending credit when merchants use its delivery network to reduce risk. The company was founded in 2020 and is regulated as a non-bank financial institution in Pakistan. PostEx acquired rival Call Courier in August 2022, expanding its footprint to over 650 cities and onboarding merchants of all sizes. It reports an active merchant base of 15,000, over 4 million monthly transactions, an ARR of $21 million (projecting to surpass $25 million by year-end), and has kept non-performing loans below 0.03% since inception. PostEx became profitable in November last year and is growing 10–15% month-on-month while scaling headcount from 6,500 across 600 cities to a planned 9,000. The company is testing digital payments and offers an expense management system for merchants, and plans regional expansion starting with Saudi Arabia and later the UAE. PostEx operates a technology-driven cash-on-delivery financing platform paired with an in-house logistics fleet to serve e-commerce merchants. The company offers upfront payments and cash recovery solutions to address long cash-recovery cycles and working-capital constraints in a primarily cash-based market. PostEx also provides a digital payments checkout plugin that enables businesses to collect online payments from consumers. Its product aims to be a one-stop shop for financing and logistics to accelerate growth for fast-growing e-commerce businesses. The team is focused on scaling its financing and logistics offerings and deepening its technology to reduce cancellations and improve liquidity for merchants. Founders Omer Khan, Saad Mahmood, Babar Razzaq, and Adil Naseem are driving product growth and expansion efforts.

Total raised

$9M

Funding rounds

2

Latest round

Series A

Latest activity

Aug 2024