TamilTiger Global invests for first time in Pakistan
18 December 2021, 11:45 am
US-based investment firm Tiger Global has made its first investment in Pakistan – in fintech startup CreditBook which has raised $11 million in its pre-Series A round, the media reported on Friday.
Started in 2020 by entrepreneurs Hasib Malik, Iman Jamall (one of the few female co-founders in the country) and Hisham Adamjee, CreditBook helps micro-entrepreneurs digitise and keep records of their transactions.
Other investors in the fresh round included Better Tomorrow Ventures, Firstminute Capital, Banana Capital, VentureSouq, Ratio Ventures and i2i Ventures, as well as individual investors Sriram Krishnan and Julian Shapiro, it was reported.
CreditBook aims to improve the financial outcomes of small and medium businesses across Pakistan. Starting with a simple digital ledger, the company has been building secure software for millions of businesses to manage their credit, sales and expense cycles.
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