Karachi: NayaPay, a leading E-Money Institution based in Pakistan, has been named to the CB Insights’ 2024 Fintech 100 list, distinguishing it among the world’s most promising private fintech companies.

According to NayaPay, “The 2024 Fintech 100 winners are high-momentum companies shaping the future of financial services. This year’s cohort features companies deploying AI in a variety of solutions and addressing needs in emerging and developing economies in areas such as fraud prevention and financial inclusion.”

Danish Lakhani, CEO of NayaPay, expressed gratitude for the recognition, emphasizing the company’s commitment to enhancing financial services for underserved Pakistani consumers and businesses. He highlighted the company’s focus on leveraging technology to provide secure, reliable financial solutions tailored to the needs of Pakistan’s digital economy.

The Fintech 100 list includes companies selected based on several criteria including deal activity, industry partnerships, and innovation in financial technology. NayaPay, also noted for its achievements on the Forbes Asia 100 to Watch list and as Best Fintech at the Pakistan Banking Awards, continues to expand its influence through strategic partnerships with global entities like Visa and Alipay+.

The report detailed the breadth of the 2024 Fintech 100, which includes various segments such as wealth management, embedded finance, and insurance, collectively raising over $7.2 billion in equity funding.