Daira Celebrates First Anniversary in Pakistan with PKR 1 Billion in Loans to 200,000 Customers

Islamabad, Pakistan, Mobile-first digital nano-lending platform Daira has marked its first anniversary of operations in Pakistan, reaffirming its mission to drive financial inclusion and extend access to credit for the country’s unbanked and underbanked population.

Launched by Finleap, a Pakistan-based fintech backed by FinVolution Group (NYSE: FINV), a global leader in connecting millions of consumers and small enterprises with financial institutions, Daira began operations after securing a license and whitelisting from the Securities and Exchange Commission of Pakistan (SECP).

In just one year since disbursing its first loan in October 2024, Daira has achieved over one million registered users and disbursed PKR 1 billion in cumulative loans to more than 200,000 customers. To celebrate the milestone, the company hosted a media roundtable at its Islamabad headquarters, where executives discussed Daira’s business model, regulatory compliance, technology infrastructure, and plans for future growth.

Daira primarily serves daily wage earners, small vendors, informal workers, and first-time borrowers, segments traditionally excluded from formal credit systems. Its data-driven and transparent lending approach leverages financial models and global best practices to deliver collateral-free loans efficiently.

A major achievement this year includes Daira’s acquisition of a Buy Now, Pay Later (BNPL) license from SECP in July 2025, expanding its footprint into consumer financing. “Over the past year, we have built trust by prioritizing customers’ wellbeing,” said Sheikh Omer Nasim, CEO of Daira. “We are proud to have empowered more than 200,000 individuals and small businesses through timely access to finance when it mattered most. This is just the beginning.”

Nasim emphasized that Pakistan’s rapidly growing digital economy presents immense opportunities for inclusive credit innovation. Daira’s next phase focuses on financial literacy, compliance, governance, and technology security to strengthen the foundation of responsible digital lending.

“Our vision is to make digital finance accessible, responsible, and empowering for everyone in Pakistan,” Nasim added.

Daira’s first-year performance demonstrates that transparent, compliant, and customer-centric digital lending models can effectively overcome the challenges previously faced by Pakistan’s fintech sector, paving the way for sustainable financial inclusion and trust in digital credit systems.

Follow the SPIN IDG WhatsApp Channel for updates across the Smart Pakistan Insights Network covering all of Pakistan’s technology ecosystem.

Source

Hot this week

Why FinTech Integration and AI Adoption Now Account for the Vast Majority of Customer Satisfaction in Local Banking

FinTech integration and AI adoption are reshaping Pakistan’s banking sector, driving customer satisfaction, improving financial performance, and accelerating digital transformation across financial institutions.

TouchPoint Drives National Scale In State Bank Of Pakistan Digital Deposit Initiative

TouchPoint hits a 100 billion PKR deposit milestone with 905 machines deployed across Pakistan, supporting the State Bank of Pakistan's digital transformation drive.

Euronet Pakistan and Keenu renew strategic digital payments partnership for third five year term

Global processing leader Euronet Pakistan and EMI licensed Keenu extend their decade long collaboration to modernize POS infrastructure and merchant services.

Pakistan Evaluates Policy Shifts To Attract 20 Billion Dollars In Offshore Expatriate Funds

The Pakistan government considers expanding the Roshan Digital Account and offering real estate tax incentives to repatriate 20 billion dollars held abroad.

UBL Launches AI Driven Voice Command Banking In Pakistan Through Fortanixor Technologies Partnership

UBL introduces a proprietary AI voice banking system to enhance accessibility and security for digital banking users across Pakistan.

Topics

Why FinTech Integration and AI Adoption Now Account for the Vast Majority of Customer Satisfaction in Local Banking

FinTech integration and AI adoption are reshaping Pakistan’s banking sector, driving customer satisfaction, improving financial performance, and accelerating digital transformation across financial institutions.

TouchPoint Drives National Scale In State Bank Of Pakistan Digital Deposit Initiative

TouchPoint hits a 100 billion PKR deposit milestone with 905 machines deployed across Pakistan, supporting the State Bank of Pakistan's digital transformation drive.

Euronet Pakistan and Keenu renew strategic digital payments partnership for third five year term

Global processing leader Euronet Pakistan and EMI licensed Keenu extend their decade long collaboration to modernize POS infrastructure and merchant services.

Pakistan Evaluates Policy Shifts To Attract 20 Billion Dollars In Offshore Expatriate Funds

The Pakistan government considers expanding the Roshan Digital Account and offering real estate tax incentives to repatriate 20 billion dollars held abroad.

UBL Launches AI Driven Voice Command Banking In Pakistan Through Fortanixor Technologies Partnership

UBL introduces a proprietary AI voice banking system to enhance accessibility and security for digital banking users across Pakistan.

BankDiscounts.pk Leverages Data Science To Centralize And Compare Bank Card Offers In Pakistan

Discover how BankDiscounts.pk simplifies the search for credit card deals in Pakistan by providing a real-time, data-driven platform for comparing bank discounts and rewards.

Pakistan Opens Roshan Digital Account to Global Institutional Investors to Boost Foreign Capital Inflows

Prime Minister Shehbaz Sharif announces the expansion of the Roshan Digital Account scheme to include foreign nationals and companies to strengthen Pakistan's financial markets.

Visa Launches Intelligent Authorization to Modernize Global Payment Infrastructure

Visa introduces Visa Intelligent Authorization to help banks and acquirers process complex transactions across networks via a single AI driven API.
spot_img

Related Articles

Popular Categories

spot_imgspot_img