FinVolution Enters Pakistan with Daira Launch

Chinese fintech group FinVolution has made its debut in Pakistan with Daira, a new lending platform offering low-interest, flexible loans. Its key selling point is speed and affordability wrapped up together with funds hitting your account in under a minute with zero service fees.

To make it happen, FinVolution snagged a non-banking financial company (NBFC) license from the Securities and Exchange Commission of Pakistan (SECP) earlier this year. The company has an eye for the market potential with Pakistan’s young, growing population needing better access to financial services, while the country’s fast-evolving fintech scene continues to ripen for innovation.

Founded in 2007 and based in Shanghai, FinVolution has been demonstrating its credit tech expertise worldwide since 2018, with Pakistan now joining Indonesia and the Philippines on its global map. Focusing on credit risk assessment, AI, big data, and fraud detection, they’ve got a spot on the New York Stock Exchange since 2017.