Pakistani's Bazaar raises USD 30 mln in Series A

Wednesday 25 August 2021 11:26 CET | News

Bazaar, a B2B marketplace from Pakistan, has raised USD 30 million in Series A financing co-led by Silicon Valley-based Defy Partner and Singapore-based Wavemaker Partners.

The round takes Bazaar’s total funding to USD 38m. Other investors who took part in the round included US-based Acrew Capital, Japan’s Saison Capital, UAE’s Zayn Capital and B&Y Venture Partners, and a Silicon Valley-based growth fund.

Bazaar was founded in June 2020 with the aim of catering small and medium-sized enterprises in Pakistan to procure inventory, manage their bookkeeping and access financial services to simplify and help them grow.

The company’s mission is to build an operating system for traditional retail in Pakistan. Through its B2B ecommerce platform and digital ledger product Easy Khata, Bazaar aims to help the 5 million small and medium-sized enterprises.

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Keywords: funding, neobanks, digital banking, B2B payments, ecommerce
Categories: Banking & Fintech | Online & Mobile Banking
Countries: Pakistan
This article is part of category

Banking & Fintech