DigiKhata Raises $2 Million Seed Round To Empower Small Businesses
Summary
Led by China’s MSA Capital and joined by the leading MENAP Based Shorooq Partners, SOSV, +92 Ventures, and angel investors. With this round of funding, we are looking to scale our team and continue building world-class utility solutions to help these MSMEs generate real economic value and grow” said Adnan – CEO, DigiKhata. “These strategic partnerships will assist DigiKhata with opportunities to scale in the areas like payments, retail network, lending, etc.” commented Adnan. MSA believes “MSMEs represent the largest transactional sector in Pakistan and DigiKhata are building a critical set of tools to significantly enhance their efficiency and scalability. The team’s executional excellence has allowed them to amass the largest user base of any such platform domestically and their vision will enable the introduction of a steady pipeline of new products and monetization strategies.” Shane Shin Founding Partner of Shorooq Partners believes DigiKhata is ready to disrupt the MSME ecosystem across the MENAPT region, “we are seeing a global trend to bring MSME’s online and empower them digitally and DigiKhata is at the forefront of this movement.