FinTech startup PostEx has announced the acquisition of logistics services provider Call Courier to expand its logistics offerings. This acquisition has propelled the startup to the position of the largest e-commerce service provider in the country.
With Call Courier’s nationwide logistics infrastructure and PostEx’s upfront payment system, technology & revenue-based financing, this makes PostEx an all-in-one e-commerce solution. While the logistics market was dominated by TCS in 2021 with a 25% share of the market, Call Courier lagged behind with a 10% share.
This new development will now enable the company to service over 1.3M users with over 8000 merchants across 500 cities in Pakistan. Founded in 2020 by Omer Khan, PostEx raised an $8.6M seed funding round for their courier service solution that pays invoice values upfront to e-commerce companies offering Cash on Delivery,
PostEx has now become the 1st company in the region to provide receivables factoring & a logistics service that pays invoice values upfront to e-commerce companies. As for Call Courier, it will be a wholly owned subsidiary under the group name.