PostEx, a fintech company based in Pakistan, has successfully raised $7.3 million in a pre-Series A funding round. This round was led by Conjunction Capital, a global venture capital firm with a focus on technology. Other investors in this round include Dash Ventures, Sanabil500, VSQ, FJ Labs, and Zayn VC.
Founded in 2020 by Muhammad Omer Khan, PostEx is revolutionizing the fintech and logistics landscape by providing upfront payments to e-commerce businesses, coupled with a reliable delivery network. The company’s innovative hybrid model addresses critical challenges faced by online sellers, particularly access to flexible and affordable capital, which is essential for scaling operations.
This latest funding round is a significant milestone for PostEx, building on the $8.6 million previously raised from investors such as Global Founder Capital, MSA Capital, and Shorooq Partners. The new capital infusion will be instrumental in accelerating PostEx’s expansion into the GCC, a region with a rapidly growing e-commerce sector.
PostEx has made impressive strides since its inception, becoming the market leader in Pakistan within a short span of 36 months. The company has crossed $21 million in annual recurring revenue and achieved profitability, processing over four million transactions monthly. These achievements highlight PostEx’s potential to continue its growth trajectory in both Pakistan and the GCC.
Muhammad Omer Khan, CEO and Founder of PostEx, emphasized the company’s mission to empower digital entrepreneurs by offering solutions that traditional financial institutions fail to provide. He stated, “E-commerce 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 our advanced embedded logistics solution.”
Kirill Kozhevnikov, Managing and Founding Partner at Conjunction Capital, expressed confidence in PostEx’s strategic approach, noting, “Our investment in PostEx underscores the strategic importance of the Saudi Arabian market as a key growth area within the GCC. PostEx’s innovative approach to integrating fintech with logistics positions them uniquely to address the evolving needs of e-commerce businesses in this region.”
The company’s growth strategy also included the acquisition of Call Courier, a Pakistani logistics service provider, in 2022, further expanding its operational footprint across the country. With this latest round of funding, PostEx is poised to extend its market leadership in Pakistan and successfully enter new markets within the GCC.
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