PostEx, a Lahore, Pakistan-based developer of a hybrid model of fintech and logistics to access to capital, raised $7.3M in Pre Series A funding.
The round was led by Conjunction Capital, along with Dash Ventures, Sanabil500, VSQ, FJ Labs, and Zayn VC.
The company intends to use the funds to consolidate its market position in Pakistan and support expansion into the GCC.
Led by CEO and Founder Muhammad Omer Khan, PostEx provides upfront payments to e-commerce businesses along with the provision of a reliable delivery network. In addition, its logistics solution makes e-commerce clients’ delivery operations efficient, mitigating customers’ cash flow issues.
The company acquired Pakistani logistics service provider Call Courier in 2022, expanding its presence across the entire country. Prior to its pre-Series A, PostEx had raised $8.6M from investors including Global Founder Capital, MSA Capital, and Shorooq Partners.
FinSMEs
29/08/2024