Pakistani fintech Safepay raises their Seed Funding from Stripe, Berlin-based Global Founders Capital, US-based HOF Capital, Soma Capital, and Mantis Venture Capital and also from Pakistani VC Fatima Gobi Venture.
Karachi-headquartered Safepay, in particular, became the first Pakistani Fintech to complete the startup program of Y Combinator. It has also raised $150,000 in cash.
Created by Ziyad Parekh and Raza Naqvi in 2019, Safepay aims to act as a payment gateway for digital commerce sites. The Fintech company’s services allow merchants to accept debit or credit card payments.
The Safepay team has created developer-friendly tools that allow online businesses to add simple payment options to their e-commerce websites or mobile apps within minutes. Safepay provides multiple plugins to make it easier to integrate different payment options. The business will be sponsored by major platforms including Opencart, Shopify, WordPress, and WooCommerce.