KalPay: the Pakistani lender that chose profit before scale
A Shariah aligned buy now pay later service launched into a cash economy just as borrowing costs soared. It survived by raising little, working with merchants and lending for school fees.
KalPay
KalPay is a Lahore based fintech that lets Pakistani consumers buy goods, pay education fees and finance productive assets such as smartphones in interest free instalments structured to follow Shariah principles. It launched in June 2021 and says it reached profitability in 2024.
Lahore, founded 2021 Website
People at KalPay
Stories about KalPay
Aga Khan network's Accelerate Prosperity backs KalPay
The Lahore buy now pay later fintech takes an undisclosed investment to extend Shariah compliant financing for education and essential assets.