Pakistan’s Fintech TAG Raises Funds at $100 Million Valuation
- Pakistan is seeing record funding in startups this year
- South Asian country among world’s largest unbanked populations
Source: TAG
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Fintech startup TAG Innovation Pvt. received $12 million from investors including New-York based Liberty City Ventures and Canaan Partners in its fundraising effort to capitalize on the growing popularity of digital payments in Pakistan.
The Rawalpindi-based company’s fund raise was led by Liberty City and also included Addition LP, Mantis Venture Capital and Banana Capital LP, Chief Executive Officer Talal Ahmad Gondal said in an interview. Previous investors in the pre-seed round were Quiet Capital, Fatima Gobi Ventures. Polymath Digital doubled down in this round while Khwarizmi Ventures and the co-founder of Plaid William Hockey also participated.