Kal Technologies Private Limited
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| Private | |
| ISIN | 🆔 |
| Industry | Financial technology |
| Founded 📆 | 2021 |
| Founder 👔 | Shershah Hassan Waleed Amjad Islam |
Area served 🗺️ | Pakistan |
| Members | |
Number of employees | |
| 🌐 Website | kalpayfinancials |
| 📇 Address | |
| 📞 telephone | |
Kal Technologies Private Limited (abbreviated as KalPay) is a Pakistani financial technology company that offers a buy now, pay later (BNPL) service. The company was founded in 2021 by Shershah Hassan and Waleed Amjad Islam,[1] and is a Shariah-aligned consumer financing startup.[2]
History[edit]
KalPay began operations in 2021. The company offers payment services for assets such as smartphones, and skill development services, particularly targeting the underbanked segment of the population.[3]
The company offers digitized lending, and is a Shariah-compliant fintech service provider in Pakistan.[2]
KalPay has partnerships with e-commerce merchants to offer a buy now, pay later (BNPL) service. This allows customers to make instantaneous purchases and settle payments in three equal monthly installments using cards, e-wallets, or bank transfers, with no interest or additional charges.
In 2022 the company began a collaboration with the online lending company Muawin,[4]
In 2023 KalPay began offering services called KalPay Rasayi,[5] and KalPay Taleem[6]
The company also collaborates with Taleem Finance Company Limited (TFCL) to offer flexible installment-based fee payment plans for students.[7][8]
The co-founders of KalPay, Shershah Hassan and Waleed Amjad Islam, were included in the Forbes 30 under 30 Asia List 2023 under the Finance and Venture Capital category.[9]
References[edit]
- ↑ "KalPay Financials". SOSV. Retrieved 2023-11-15.
- ↑ 2.0 2.1 "KalPay". Forbes. Retrieved 2023-11-15.
- ↑ Khan, Mutaher (2021-08-09). "The buy now, pay later model". DAWN.COM. Retrieved 2023-11-15.
- ↑ Release, Press (2022-09-28). "KalPay partners with Muawin to revolutionize E-Commerce through BNPL". Profit by Pakistan Today. Retrieved 2023-11-15.
- ↑ "Home". Rasayi. Retrieved 2023-11-15.
- ↑ "KalPay Taleem". taleem.kalpayfinancials.com. Retrieved 2023-11-15.
- ↑ Release, Press (2023-02-09). "KalPay, Taleem Finance sign MoU to facilitate education financing". Brecorder. Retrieved 2023-11-15.
- ↑ "KalPay And Taleem Finance Company Partner With LUMS On Education Financing". The Friday Times. 2023-10-25. Retrieved 2023-11-15.
- ↑ "KalPay co-founders make it to Forbes 30 under 30 Asia List 2023". The Nation. 2023-05-21. Retrieved 2023-11-15.
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