The funding from this round will go towards the expansion of QisstPay's services and team. This includes the funding of transactions and partnerships with traditional Pakistani financial institutions. They are also expanding their services to include Sri Lanka and Bangladesh. By the end of 2021, they are looking to expand their team to over 100 people.
When chosen at checkout, QisstPay allows customers to pay for their purchase in instalments with 0% interest and no late fees. Most people in Pakistan don't have the financial background to get approved for credit cards and therefore rely on QisstPay to help them manage their day-to-day expenses. QisstPay helps address this by letting people buy the things they need like phone service and food, and pay for it over time.
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