IFC proposes $5m investment in Pakistani fintech firm Keenu

IFC proposes $5m investment in Pakistani fintech firm Keenu

International Finance Corporation (IFC), a member of the World Bank Group, has proposed a $5-million equity investment in Keenu, a financial technology company that provides end-to-end payment solutions in Pakistan.

In a disclosure, IFC said the proposed investment in Wemsol, which operates under the brand name Keenu, is part of the Pakistani firm’s Series A funding round that will be used to finance its business expansion.

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