3 years ago

Pakistan-based FinTech Metric Raises $900K in Pre-Seed Funding

  • Metric, a Pakistan-based FinTech company that helps SMBs and startups digitize their accounting processes, has raised $900,000 in Pre-Seed funding

  • The round was led by I2I Ventures and saw participation from local and international VCs, including Ratio Ventures, Deosai Ventures, Kinnow Capital, Outliers Venture Capital, and Augmentor Capital

  • The company was founded by Meenah Tariq and Omar Parvez Khan, who have extensive experience in the Pakistan startup ecosystem

  • Metric reached $20 million in annualized recorded transactions within five months during closed alpha and is planning to use the new funds to expand across Pakistan and into other markets in the MENA region.

      • ProblemFinancial Services

      "Small and medium-sized businesses (SMBs) in the MENAP region struggle with managing their finances effectively. They often lack access to affordable, high-quality accounting software and expertise, leading to poor financial decision-making and hindered growth."

      Solution

      "Metric is a user-friendly accounting and business intelligence app designed specifically for SMBs and startups. It offers real-time dashboards, professional reports, and actionable insights, empowering founders to take control of their finances and make data-driven decisions to fuel growth."

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