Profit Tech Journo📱
@ProfitTech
Our in-house analyst simplifies the world of tech, startups & VC funding. Tweeting from the HQ of @Profitpk. Account usually managed by @taimoorhassann
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Investment to support Krave Mart’s expansion in Pakistan and potentially venture into other markets Read: profit.pakistantoday.com.pk/2025/03/20/ind…
Google Wallet set to launch in Pakistan on March 12 profit.pakistantoday.com.pk/2025/03/11/goo… via @Profitpk
KalPay raises over a million dollars. Read on in this piece by @nisma_riaz profit.pakistantoday.com.pk/2024/05/14/fun…
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…
Read more about the deal in this piece by @taimoorhassann and @nisma_riaz profit.pakistantoday.com.pk/2024/02/17/tur…
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]
The startup shuts down nascent pharma and mobile verticals and lays of about 600 people as it eyes profitability profit.pakistantoday.com.pk/2024/02/12/b2b…
Read more on what each of these companies wanted to do in the superapps space and how are they thinking about it now, in this piece by @taimoorhassann at profit.pakistantoday.com.pk/2024/02/11/tim…
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…
youtube.com
YouTube
Is Pakistan investable amidst a polycrisis?
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
Great work by @adamdawood. Anyone who wants to understand and improve payments in eCommerce should read this article. dyl-ventures.com/p/revolutionis…
dyl-ventures.com
Revolutionising Cash On Delivery
A Blueprint for a Transition to Digital Payments in Pakistan's eCommerce Landscape
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