Pakistan fintech startup MyTM raises $6.9m in seed round

RIYADH: A Pakistan-based fintech that provides a one-stop financial solution for retailers, MyTM, has raised a $6.9 million seed funding round from investors from Saudi Arabia, Canada, UK, Mauritius, and Pakistan. 

The startup will use the money to acquire a non-banking financial company, grow its team, and create a network of cash-rich agents, in addition to expanding its services to 6,000 locations, MAGNiTT reported. 

Founded in 2017, MyTM is the first company from Pakistan to win at the Best Creative Economy at the GITEX 2021 held in Dubai.