Company Introduction

Karandaaz Pakistan is a not-for-profit development finance company established in 2014 and registered with the Securities and Exchange Commission of Pakistan (SECP). The organization promotes access to finance for small businesses through commercially directed investments, and financial inclusion for individuals by employing technology-enabled digital solutions. It operates through three program verticals:

Karandaaz Capital

Invests growth capital in small and medium size enterprises (SMEs) with the twin objectives of generating financial returns for Karandaaz and supporting broad-based employment generation in Pakistan.

Karandaaz Digital

Focuses on expanding access to digital financial services in Pakistan by working across the ecosystem with all stakeholders including regulators, policymakers, government departments, businesses, researchers and academics.

Knowledge Management and Communications

Develops and disseminates evidence-based insights and solutions to inform the core themes of the organization, including innovation, women entrepreneurship and youth, and to influence the financial ecosystem to promote financial inclusion in Pakistan.

Karandaaz has received funding from the United Kingdom Department for International Development (UKAid) and the Bill & Melinda Gates Foundation. It is sponsored and governed by eminent Pakistanis, and is managed by an experienced team with core expertise in national and international investment management, digital finance and research and advocacy.

Karandaaz Innovation

Innovation Challenge Fund (ICF) running under Karandaaz Innovation provides risk capital and grants to partners with an aim to generate innovative yet practicable solutions for solving complex problems in areas of financial inclusion and entrepreneurship. The Fund is especially focused on addressing stubborn barriers faced by SMEs, women and youth in accessing appropriate financial services and participating in the economy.