In order to provide its retailers with digital options, including the ability to “buy now, pay later” with digital loans, MedznMore has formed a strategic collaboration.
Asad Khan, Co-Founder, and CEO of MedznMore, Shafaen Hassan, Head of Finance, Faisal Rauf, Business Head of Digital Banking at Bank Alfalah, and Khurram Rauf, Head of Digital Lending at Bank Alfalah all signed the cooperation agreement. Senior executives from both parties attended the ceremony as well.
With the help of this collaboration, Bank Alfalah will offer digital solutions to MedznMore through the Alfa Payment Gateway, including CDM Network and Digital Lending to all of MedznMore’s shops, enabling them to use the purchase now, pay later option.
With the help of cutting-edge digital financing provided by the collaboration, shops will be able to source and pay for goods and services more easily. Retailers may fill up their storefronts with the simple-to-use feature’s hassle-free borrowing trip.
Leading health-tech firm MedznMore began operating in September 2020 and has since provided services to hundreds of thousands of consumers throughout Pakistan. With a purpose-built temperature-controlled warehouse, a technological stack geared toward just-in-time drug inventories, an integrated supply chain, and an AI-powered logistics solution, they have extensively invested in developing a replicable infrastructure.
Asad Khan, CEO of MedznMore, stated, “As retailers navigate the ever-changing digital world, it is important to facilitate them with the right solutions. Our partnership with Alfalah Bank will provide the retailers the freedom to grow their business.”
The startup has received the highest health-tech financing in Pakistan with a $11.5 million pre-series A deal. In addition to working with the top service providers, tabiyat.pk is developing a number of projects to provide its sellers with improved payment options.
To read our blog on “Pakistan’s largest health-care funding is raised by MedznMoret” click here.
