Shariah-compliant Neem Paymenow to launch in Pakistan this month
Company's goal is to provide financial relief to Pakistani workers while promoting responsible wage access and reducing debt cycles
October 06, 2024
Neem Paymenow, a Shariah-compliant employee financial wellness solution developed in partnership with Paymenow — South Africa’s leading provider, is set to launch in Pakistan mid-October.
The finance company's arrival in Pakistan is aimed at providing financial relief to the country's workers while promoting responsible wage access and reducing debt cycles.
To mark the launch of Neem Paymenow, Paymenow CEO Deon Nobriega is also scheduled to attend the event.
Currently led by Niran Rehman, director of Neem Paymenow, the company was initially founded in 2019 by experienced fintech entrepreneurs and backed by global investors, including DNI Group, Arif Habib, Outrun Ventures, SparkLabs Fintech, angel investors from Stripe, PayNet, M-Pesa and more.
It has a strong vision for financial wellness, while its Banking-as-a-Service (BaaS) platform enables digital businesses across various industries to provide embedded financial services to their customers.
