PostEx, Pakistan’s first FinTech and logistics hybrid business, said today that it has raised another $7.1 million in seed capital to provide upfront payments for cash-on-delivery orders, digital payments, and delivery solutions to eCommerce retailers.
With the extended round, the total amount raised in seed capital now stands at $8.6 million. PostEx began fundraising for the seed round earlier this year, and only two months ago reported that company had raised the first $1.5 million.
Profit has seen documentation verifying the amount raised in PostEx’s seed round.
Global Founders Capital, located in the United States, led the fresh round, having previously invested in Pakistani finance company SafePay, B2B eCommerce platform Bazaar, and delivery startup Rider. FJ Labs, ru-Net, a fund of RTP Global, and Alma Capital, all based in the United States, participated in the round.
