Pathao Raises New Investment, Pathao’s Fintech Ambition
Summary
Pathao raising capital amid all these changes provides the ecosystem with much-needed positive boots to gain attention from both domestic policy-makers and international investors.Pathao says the round comes as its strategic shift towards fintech gathers pace. In April 2018, it utilized optimism and timing to launch a closed-loop version of its payment solution to serve its users to interact within its ecosystem of products. The new funding will be instrumental in scaling these fintech offerings, refining their technology and broadening market reach.Pathao has a large user base. Just as it has radically transformed urban transportation, logistics and the gig economy, our efforts in fintech will reshape the financial landscape in Bangladesh.Payment can be a key strategic piece if you want to achieve this platform ambition. A lot will depend on how Pathao handles these challenges as the company finally operationalizes its fintech solution at scale.Expansion is always a lucrative strategy.