Pakistan’s SLG-Trax Moves to Acquire Singapore’s Finova

Secure Logistics Group Limited (SLGTrax), one of Pakistan’s leading logistics and e-commerce solutions providers, has announced plans to acquire Singapore-based Finova Technologies, a move that could reshape Pakistan’s digital payments and lending ecosystem.

The announcement was made through a notice to the Pakistan Stock Exchange – PSX on Friday. This follows SLG-Trax’s recent milestone of securing an NBFC (Non-Banking Financial Company) license for its subsidiary LogiServe (Pvt.) Ltd from the Securities and Exchange Commission of Pakistan (SECP) in August 2025.

The license allows LogiServe to offer digital financial products such as COD-backed working capital loans, invoice discounting, and merchant virtual accounts. Finova’s fintech platform, already in use with select SLG-Trax clients, has processed 1.2 million shipments, Rs17 billion in wallet payments, and Rs3.5 billion in lending throughput since early 2025.

If approved, the acquisition will grant SLG-Trax full ownership of Finova’s fintech assets and intellectual property. The company plans to roll out its digital lending platform across its 9,000 retail and 300 corporate clients later this year, strengthening its position in Pakistan’s fintech and e-commerce markets.