Our in-house analyst simplifies the world of tech, startups & VC funding. Tweeting from the HQ of @Profitpk. Account usually managed by @taimoorhassann LahoreJoined March 2021
Layoffs and board resignations as OPay-Finja clash enters next round. Meanwhile OPay’s intl investors are fast losing faith in Pakistan’s potential.
Read our exclusive to understand what exactly is the dispute and what else is happening behind the scenes?
profit.pakistantoday.com.pk/2024/04/05/lay…
In a big development, Turkish fintech giant Papara is all set to acquire 100% of SadaPay in a deal that would possibly value SadaPay at $50mn. This deal is going to come with an immediate $10mn FDI into Pakistan in SadaPay [THREAD]
Tech Titans the world over look at WeChat and see the promised land. And why would they not? Launched in 2011 in China as a messaging service, WeChat took seven years to become the world's largest standalone mobile app by 2018 with over 1 billion monthly active users.
Calling all current and aspiring English language journalists, who are looking for a rewarding career in journalism.
On the back of a solid business model, with growing subscription and non-subscription revenue, we at Profit, are looking to substantially expand our team of…
After the departure of Bjarke Mikkelsen from Pakistan's e-Commerce giant Daraz as CEO, layoffs, including in higher management, are anticipated in hundreds as the company aims to trim costs. 1/10
Pakistan’s startups going through a massive wave of layoffs & closures &this time its brutal. Prominent startup Cheetay is shutting operations completely, Dastgyr has laid off 500-600 people, fintech YAP has fired almost all staff leaving fate of EMI license in balance [THREAD]
The Pakistan Startup Fund aims to bring in FDI for the country. But is Pakistan really investable? This @AtlanticCouncil panel discussion from two months ago has the answers.
Great conversation by @UzairYounus@kalsoom82 Abbas Shahid & Amjad Ahmad
youtube.com/watch?v=j69k8Z…
What is better than VC money? The answer is free money. And free money is what the current caretakers believe will help promote Pakistan’s startups. On Tuesday, caretaker IT minister Umar Saif launched govt’s first ever Rs2 bn Pakistan Startup Fund 🧵
Ladies and gentlemen, Pakistan’s biggest oil marketing and distribution company, the Pakistan State Oil (PSO), is also a fintech company that is gunning to secure an EMI license, and it is also a Rs1.7 bn venture capital fund.
3/But what are these benefits and who is better off with this deal? Why did Telenor leave Pakistan and why did PTCL, a company already struggling with its existing telecom portfolio, buy it. Find out in Profit’s latest report by @AhtasamAhmad and @shahnawaz_ali1
7K Followers 2K FollowingLawyer | Founding Partner @carbondotlaw | Tweets about startups, venture capital, and regulation related to entrepreneurial finance in Pakistan.
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