Karandaaz Innovation

Nurturing the Ecosystem for Transformational Initiatives

Karandaaz defines ‘innovation’ broadly as any solution that has potential to improve existing practice in areas of access to finance for SMEs as well as individuals. This could be a completely new product, service or approach, or one that has been used elsewhere in the world but not in Pakistan. We aim to spur Innovation in areas of digital finance as well as SME finance. Through our Fintech Disrupt Challenge, we work with young technology driven start-ups on digital finance whereas the Innovation Challenge Fund works with a wide variety of players on addressing stubborn barriers in SME finance, with a particular focus on economic participation of women and youth.

Challenge Funds