DealCart, NayaPay make it to Forbes ‘Asia 100 to Watch’ list

September 02, 2024 (MLN): Two Pakistani startups, DealCart and Nayapay, have made it to Forbes’ ‘Asia 100 to Watch 2024’ list.

According to the Forbes website, Karachi-headquartered DealCart operates an online grocery site aimed at Pakistan’s growing middle class. While Fintech startup NayaPay operates a payments processing platform in Pakistan, aiming to help digitalize transactions between consumers and businesses.

Small grocery stores can also sell on DealCart to tap its customer base. In July, the firm raised $3 million in a seed funding round co-led by Abu Dhabi-based Shorooq Partners and London-based Sturgeon Capital.

NayaPay’s app supports an e-wallet, virtual debit card and online payments. For businesses, NayaPay also offers point-of-sale devices that can be installed in stores. The fintech startup raised $13m in a 2022 seed funding round led by Zayn Capital, MSA Novo and Graph Ventures.

NayaPay in a statement said, "thrilled to announce that NayaPay has been featured on the Forbes Asia 100 To Watch list. This recognition places us among the most innovative trailblazers across 16 regions around the world."

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