Pakistan’s BNPL fintech startup Qist Bazaar announced Tuesday that it raised US$3.2 million in its Series A funding round, led by Indus Valley Capital with participation from Gobi Partners.

The company will use the funds to improve Qist Bazaar’s product range and its technology infrastructure. It will also scale operations to focus on Pakistani cities such as Islamabad, Sukkur, Faisalabad, and Multan.

Established in 2021, Qist Bazaar has disbursed over 55,000 product-based loans totaling approximately US$12 million, facilitating access to goods like mobile phones and home appliances.