AdalFi
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AdalFi - overview
Established
2021
Location
Lahore, -, Pakistan
Primary Industry
Internet
About
Founded in 2021 by Salman Akhtar (CEO) and others, and based in Lahore, Pakistan, AdalFi, a spinout from Techlogix, operates as a financial technology (fintech) company that provides a digital lending infrastructure. In February 2023, AdalFi raised USD 7. 5 million in seed funding co-led by investors COTU Ventures and Chimera Capital, with participation from Fatima Gobi Ventures and Zayn Capital. As of February 2023, the firm has partnered with 14 banks and has generated over 70,000 loans.
The company collaborates with financial institutions to provide a digital lending infrastructure that uses its proprietary AI-powered (artificial intelligence) credit scoring model to identify, qualify, engage, and activate digital lending processes. The company enables banks and small and medium-sized businesses to provide credit products such as revolving credit loans, credit cards, term loans, and salary advances. The company intends to use the February 2023 funding to continue building out its team of engineers and modelers.
Current Investors
Fatima Gobi Ventures, COTU Ventures, Chimera Capital
Primary Industry
Internet
Sub Industries
Business Support Services, Internet, Application Integration Software
Website
www.adalfi.com
Verticals
Artificial Intelligence, FinTech
Company Stage
Angel & Seed
Total Amount Raised
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