The Forbes website states that NayaPay, a fintech company, runs a payments processing platform with the goal of helping to digitalize transactions between customers and businesses, while DealCart, based in Karachi, operates an online grocery site targeted at the nation’s expanding middle class.
Dealcart raised $4.5 million in pre-seed fundraising and let users order snacks, detergents, fresh produce, and other miscellaneous items. According to Forbes, small food stores can also sell on DealCart to reach its clientele.
It further stated that in July, the company raised $3 million in a seed fundraising round headed by London-based Sturgeon Capital and Abu Dhabi-based Shorooq Partners.
In the meanwhile, NayaPay’s app allows for online payments, virtual debit cards, and e-wallets. For businesses, it also provides point-of-sale equipment that can be deployed in retail locations.
