According to the latest reports, a round was led by SparkLabs Group (Korea & Hong Kong), Vostok Emerging Finance (Sweden), and local strategic partner IGI Holdings which is a JV Partner of Nestle in Pakistan. As a result of which, Mahaana received its initial investment from Mattias Martinsson (Founder of Tundra Fonder) and became a graduate of Y Combinator’s W22 batch. Founder of Tundra and initial investor in Mahaana, Mattias Martinsson stated that: The main obstacles to financial inclusion include lack of awareness, regulatory hurdles, and trust in the financial system. So, the company has aimed to work actively with the regulator for policy reforms restricting financial inclusion. Moreover, it is well positioned to be a leading contributor to Pakistan’s journey responsible for wealth and asset management in order to implement innovative, secure, and responsible savings plans. IGI Holdings CEO, Tahir Masaud stated that: Now, Mahaana is a licensed Non-Banking Financial Company by SECP which offers investment management services in Pakistan. Also Read: Nothing Phone 1 Will Get Android 13 Update Next Year: Confirmed (phoneworld.com.pk)
