A proud moment for all Pakistani’s because MYTM won the Supernova pitch competition at GITEX Future Stars in the creative economy category. Every year, the Supernova Challenge, in collaboration with GITEX Future Stars, is presented to give global businesses the opportunity to showcase their ideas, gain worldwide notice, and win a large sum of money from a prize pool of USD100,000.
In addition, MYTM became the first Pakistani startup to win the Innovation Challenge Final, presented every year at GITEX since 2015, by defeating the UK competition ‘Save my Wardrobe.’ The company fought against over 700 other startups, with 24 making it to the finals and MYTM being the only Pakistani company to win.
MYTM; The 1st Islamic FinTech; was founded in 2018 to provide mass transit e-ticketing, branchless banking, microfinance services (loan lead generation through agent network), and financial services. MYTM has recently launched the Payment pull (e-POS), Visa / Mastercard (debit / credit card) acceptance and payment gateway.
Moreover, MYTM aims and envisions to build a network of 100,000 MYTM DUKAAN by 2026. MYTM signed an official Branchless Banking Agreement with NRSP (1st Islamic Microfinance Bank) on 7th July, 2021.
Furthermore, MYTM is a National Incubation Center Islamabad startup supported by the Ignite-National Technology Fund of the Ministry of Information Technology and Telecommunications.
The firm assists retail businesses in acting as business correspondents, providing commerce, banking, and financial services to the unbanked and underbanked. It’s also worth mentioning that MYTM is Pakistan’s first Islamic Fintech.
By representing Pakistan at an international level, MYTM has made Pakistan proud. Ignite and NIC should also be commended for their efforts in nurturing the company and assisting it in competing by offering mentors and services.
For this success, we congratulate Zain Farooq (CEO), Jawad Mahmood (COO), Mirza Moaz (Financial Analyst), and the entire team. Whole nation appreciates you making us proud.
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