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Karachi-based fintech Safepay bags funding from Stripe - Business


Safepay, a Karachi-based fintech, announced that it has raised a seven-figure seed funding round led by Stripe, the global payments platform. File
Safepay, a Karachi-based fintech startup, announced that it has raised a seven-figure seed funding round led by Stripe, the global payments platform, it emerged on Thursday.
Safepay was founded in 2019 by Ziyad Parekh and Raza Naqvi with the aim of increasing the acceptance of online payments. It launched a beta product in 2019 which scaled quickly to reach 300 merchants across the country and became particularly popular among other startups.
However, services were taken offline a year later as the company initiated its next stage which required working within the framework of the State Bank of Pakistan (SBP). ....

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