BANK Alfalah has reinforced its commitment to financial inclusion by increasing its investment in Qist Bazaar, a buy-now-pay-later platform catering to the essential purchases of people as per a press release. As part of the latest funding round, Bank Alfalah has invested Rs55 million as part of Qist Bazaar`s Series A raise of around Rs800m, further solidifying its confidence in Qist Bazaar`s vision and exponential growth.
Additionally, Bank Alfalah has provided Qist Bazaar with Rs460m in debt lines, allowing the start-up to draw funds as needed.
This financial support is designed to strengthen Qist Bazaar`s ongoing expansion and growth objectives, further amplifying its impact on the market.