PostEx raises USD 7.3 mln in pre-Series A

Pre-Series A proceeds will assist PostEx in consolidating its market position in Pakistan and support an aggressive expansion into the GCC – where new markets and customers will have access to its services.

The fund raise follows a very successful 18 months for PostEx – meeting several financial and operational milestones. The company crossed annual recurring revenue of USD 21 million, achieving profitability, and is processing over four million monthly transactions. It has been a prominent player since 2022, growing swiftly after commencing operations in 2021.

Augmenting financing for ecommerce businesses

PostEx utilises an innovative hybrid model of fintech and logistics. The company provides instant access to capital – removing conventional barriers and challenges of traditional financing methods – while its embedded logistics solution makes ecommerce clients’ delivery operations far more efficient; mitigating customers’ cash flow issues. Access to capital is critical for online businesses looking to scale; those with adaptable financing partnership are strategically positioned to leverage opportunities as they arise, driving business success.

PostEx is disrupting the established finance and logistics industries in Pakistan, amid a positive market environment with significant growth headroom. The country’s USD 6 billion ecommerce sector accounts for just 1-2% of total retail transactions, versus a global average of around 15%, as per the press release.

In a comment, officials from PostEx said that while the GCC and Pakistan have a thriving and fast-growing ecommerce landscape, the reality is that legacy financial institutions don’t fulfil the needs of digital entrepreneurs and online businesses. Ecommerce businesses need access to flexible and affordable funding solutions and our mission at PostEx is to empower online sellers by addressing their most critical challenge: access to the right capital to grow their business through their embedded logistics solution.