Safepay, a Pakistani payments firm, has raised a “seven figure” seed round.
In Brief:
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Stripe invested alongside Global Founders Capital, HOF Capital, Soma Capital, Mantis Venture Capital and Fatima Gobi Ventures.
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Safepay aims to create digital solutions for merchants in Pakistan.
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It was part of the Y-Combinator summer 2020 programme.
What does this mean?
Safepay launched in 2019 in beta mode, and has since expanded to provide online payments for over 300 merchants. It aims to help improve payment infrastructure in Pakistan and reduce the reliance on cash.
