AdalFi is a spinout from Techlogix- An IT Services Company, having 20+ years of IT services experience and 350 + consultants worldwide.
AdalFI’s focus is to enable digital lending in Pakistan using a 100 % AI-based credit scoring model to sync with Bank's core system to provide end to end consumer lending digitally.
AdalFI’s focus is to enable digital lending in Pakistan using a 100 % AI-based credit scoring model to sync with Bank's core system to provide end to end consumer lending digitally.
Location: Pakistan, Punjab, Lahore
Employees: 11-50
Total raised: $7.5M
Founded date: 2021
Investors 4
| Date | Name | Website |
| 28.01.2023 | Zayn Capit... | zayn.capit... |
| - | Zayn Ventu... | zayn.vc |
| - | Fatima Gob... | fatimagobi... |
| - | Amaana Cap... | amaanacap.... |
Funding Rounds 1
| Date | Series | Amount | Investors |
| 16.02.2023 | - | $7.5M | - |
Persons 4
| Date | First Name | Last Name | Title | Location | |||
| - | Mazan | Salahuddin | - | linkedin.c... | - | m*********... | - |
| - | Salman | Akhtar | CEO | linkedin.c... | - | s*********... | - |
| - | Arsalan | Ahmed | Chief Tech... | linkedin.c... | - | a*********... | - |
| - | Wahab | Amjad | Director O... | linkedin.c... | - | w*********... | - |
Mentions in press and media 8
| Date | Title | Description |
| 16.02.2023 | Pakistani fintech AdalFi raises $7.5m to tackle lending challenges | Pakistani digital lending platform AdalFi said on Thursday it has raised $7.5 million in funding, the first major corporate financing announcement in the South Asian country this year as it grapples with a deepening economic crisis. The fun... |
| 16.02.2023 | Helping Millions Of Pakistanis Get Credit For The First Time With AdalFi | Pakistan’s banks face a chicken-and-egg problem when it comes to lending money to their customers. They lack the data on customers’ credit histories that they need in order to decide whether to lend; but until they start lending, they won’t... |
| 16.02.2023 | AdalFi raises $7.5 million to fix Pakistan's broken lending system | AdalFi, a Pakistan-based fintech providing credit scoring data and lending technology to banks, has raised $7.5 million in Seed funding. The funding round was led by Cotu Ventures, Chimera Ventures, Fatima Gobi Ventures and Zayn Capital alo... |
| 16.02.2023 | Fintech startup Adalfi lands $7.5M in funding to help millions of Pakistanis get credit and gain access to loans | Globally, about 1.7 billion adults remain unbanked — without an account at a financial institution or through a mobile money provider, according to data from the World Bank. A large portion of the underbanked is in developing countries. Ch... |
| 16.02.2023 | AdalFi Raises $7.5M in Funding | AdalFi, a Lahore, Pakistan-based digital lending infrastructure provider, raised $7M in funding. Backers included Cotu Ventures, Chimera Ventures, Fatima Gobi Ventures, and Zayn Capital, as well as some Plaid execs. The company intends to u... |
| 16.02.2023 | Top tech startup news for Thursday, February 16, 2023: Adalfi, Binance, Kern AI, Unisers, and YouTube | Good evening! Below are some of the top tech startup news stories for Thursday, February 16, 2023. Susan Wojcicki steps down as YouTube CEO Susan Wojcicki, one of Google’s first employees, said Thursday that she’s stepping down as the CEO ... |
| 22.11.2022 | Supporting Pakistan in Its Time of Need: Taraec Hussein | |
| - | AdalFi | “Lending Platform – AdalFi” |