Taro Technologies, a Lahore-based fintech startup, has bagged $3.5 million in pre-seed funding through a combination of strategic partnerships and angel investors to launch Buy-Now, Pay-Later (BNPL) venture in Pakistan.
As part of their pre-seed round, the company has partnered with Dubai-based Cashew Payments — a BNPL leader in the Gulf Cooperation Council (GCC) — to accelerate its 2022 Q1 launch and growth.
“This partnership will enable us to be an established player straight out of the gate. Moreover, our collaboration with Cashew provides critical insights into risk, merchant acquisition, operations, and customer retention,” said Mustafa Khan, CEO of Taro Technologies on Tuesday.
“Our collaboration with Cashew provides critical insights into risk, merchant acquisition, operations, and customer retention. Those insights paired with support from their experienced and accomplished leadership team position us for a strong launch and to quickly dominate the market,” he said.
