PostEx, a pioneering fintech and logistics company in Pakistan, has successfully raised $7.3 million in a pre-Series A funding round. The round was spearheaded by Conjunction Capital, a globally-focused technology venture capital firm. Additional investors included Dash Ventures, Sanabil500, and existing backers VSQ, FJ Labs, and Zayn VC.
The newly raised capital will enable PostEx to further consolidate its leadership position in Pakistan’s fintech landscape and facilitate an ambitious expansion into the Gulf Cooperation Council (GCC) region. This strategic move will allow PostEx to offer its innovative services to new markets and customers across the GCC.
PostEx operates on a unique hybrid model, seamlessly integrating fintech and logistics solutions. The company provides immediate access to capital, eliminating the conventional barriers associated with traditional financing. Simultaneously, its embedded logistics solution enhances the efficiency of e-commerce clients’ delivery operations, addressing critical cash flow challenges. In a market where access to capital is vital for scaling online businesses, PostEx’s adaptable financing partnerships position it as a strategic enabler of business growth.
The company has disrupted Pakistan’s finance and logistics sectors, particularly in a positive market environment ripe for growth. Despite Pakistan’s e-commerce sector being valued at $6 billion, it accounts for just 1-2% of total retail transactions, compared to a global average of approximately 15%. PostEx’s success is evident, having crossed an Annual Recurring Revenue of $21 million, achieved profitability, and processed over four million transactions monthly. Since its inception less than 36 months ago, PostEx has maintained its status as the market leader for the past two years.
Muhammad Omer Khan, CEO and Founder of PostEx, highlighted the critical need for their services, stating, “While the GCC and Pakistan boast thriving e-commerce landscapes, legacy financial institutions often fall short in meeting the needs of digital entrepreneurs. E-commerce businesses require flexible and affordable funding solutions. At PostEx, our mission is to empower online sellers by providing the right capital to grow their businesses through our advanced embedded logistics solutions.”
Kirill Kozhevnikov, Managing and Founding Partner at Conjunction Capital, emphasized the strategic significance of the investment: “Our investment in PostEx underscores the importance of the Saudi Arabian market as a key growth area within the GCC. PostEx’s innovative approach to integrating fintech with logistics uniquely positions them to address the evolving needs of e-commerce businesses in this region. We are committed to supporting their expansion and driving further advancements in the market.”
PostEx’s growth trajectory has been further bolstered by its acquisition of Call Courier, a leading Pakistani logistics service provider, in 2022. This acquisition expanded PostEx’s footprint nationwide, enhancing its capacity to deliver efficient and reliable services. Prior to this pre-Series A round, PostEx had already secured $8.6 million from notable investors, including Global Founder Capital, MSA Capital, and Shorooq Partners.
Commenting on Dash Ventures’ first direct investment in Pakistan, Principal Aboudi Al-Qattan said, “Our investment in PostEx marks a significant milestone. We have full conviction in Omer and his exceptional team. PostEx is solving a vital problem in the market by leveraging technology and market expertise to provide innovative financing solutions to underserved SMEs. We are excited about their performance so far and are confident in Omer’s vision to build a truly global company.”
Founded in 2020, PostEx has rapidly emerged as one of Pakistan’s leading regulated fintech companies and the country’s foremost e-commerce logistics provider. By offering upfront payments to e-commerce businesses and ensuring a reliable delivery network, PostEx provides a crucial solution for businesses seeking to scale and achieve consistent cash flow.