KalPay Secures Investment To Expand Inclusive Credit

Accelerate Prosperity, an initiative of the Aga Khan Development Network, has invested in KalPay to support the expansion of Shariah compliant and affordable credit access across Pakistan.

Read more: Pakistan Fintech’s Next Test: From Access to Use

Accelerate Prosperity – An AKDN Initiative announced the investment in KalPay, a Lahore based fintech platform operating nationwide. KalPay focuses on providing accessible financing through two main services: KalPay Taleem, which supports education and skills development financing, and KalPay Rasayi, which offers short term installment solutions for essential items including laptops, mobile phones and electric vehicles.

The company uses Shariah compliant financial structures combined with credit assessment technology and partnerships with institutions and brands. This approach is intended to improve access to transparent and affordable financing for individuals and households that are not well served by traditional credit systems.

With the new funding, KalPay plans to expand its operations, increase its national reach and enable greater access to education and essential assets for more households. Accelerate Prosperity said the initiative supports inclusive growth and responsible access to finance.

KalPay Founder Shershah Hassan said the investment “strengthens our ability to scale Shariah compliant, transparent financing for education and essential assets.” He added that the company will continue focusing on impact, operational discipline and sustainable growth as it expands its services across Pakistan.