These young businesspeople are making waves in important Asia-Pacific industry sectors like fashion, finance, enterprise technology, social impact, and education.
Forbes unveiled its eighth annual “30 under 30 Asia” list, which features 30 deserving honorees in ten distinct categories: Shershah Hassan and Waleed Amjad Islam, co-founders of KalPay, Pakistan’s top Shariah-aligned consumer financing startup, were chosen for the prestigious list in the Finance and Venture Capital category.
These young businesspeople, the co-founders of KalPay, are making waves in important Asia-Pacific industry sectors like fashion, finance, enterprise technology, social impact, and education.
KalPay is the largest Shariah-aligned buy now pay later fintech startup based in Lahore. They collaborate with hundreds of e-commerce merchants to offer BNPL services, allowing customers to use cards, e-wallets, and bank transfers to make immediate purchases and pay in three equal monthly installments without interest or fees.
KalPay has introduced the new business verticals, such as KalPay Rasayi and KalPay Taleem, which offer its BNPL services for the purchase of productive assets and fee payments for education and skill development. It aims to provide easy, hassle-free, Shariah-aligned credit to the underbanked masses throughout Pakistan.
KalPay is a unicorn fintech company from Pakistan that uses capital financing to build a thriving ecosystem of financial inclusion for people and businesses.
According to Shershah Hassan, CEO of KalPay, when they first started developing the concept for KalPay, they had no idea the extent of the impact they would be able to make. They are eager to keep having a positive influence and establish KalPay as a fintech unicorn in Pakistan.
The BNPL concept is still relatively new in Pakistan due to a lack of financial literacy, according to Waleed Amjad Islam, COO of KalPay. Giving the general public access to credit that helps them succeed is our aim here. We’re concentrating on offering educational loans and tech-based productive assets in the hopes that this will have the desired positive impact.