Business Desk 
Oct 25, 2024
NayaPay, a Pakistan-based fintech startup, has been named to the 2024 CB insights list, displaying the 100 most promising private fintech companies globally.
CB Insight is a private company with a business analytics platform and global database that gives market intelligence to private companies and investor activities.
Particularly, the fintech 100 list 2024 includes early and mid-stage startups driving innovation across fintech.
CB Insights stated: “Our research team picked winning companies based on CB Insights datasets, including deal activity, industry partnerships, team strength, investor strength, employee headcount, and proprietary Commercial Maturity and Mosaic scores.”
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CB Insights Principal Analyst Laura Kennedy emphasised the effect of the selected companies in shaping the future of financial services. Kennedy said: “The 2024 *Fintech 100* winners are high-momentum companies at the forefront of innovation.”
She added that the diversity in this year’s list was important to note with companies targeting areas from fraud prevention to expanding financial inclusion. “Unsurprisingly, this year’s cohort is deploying artificial intelligence (AI) across a wide variety of solutions,” she noted.
NayaPay named in this list reflects the company’s impressive growth and commitment to addressing financial challenges in Pakistan. NayaPay CEO Danish Lakhani stated: “We are deeply honoured to be recognised by CB Insights as one of the most promising fintech startups of 2024.”
NayaPaya CEO emphasised that this success fuels the company’s mission to support unbanked and underserved communities across Pakistan.
“This acknowledgement strengthens our resolve to empower millions of unbanked and underserved Pakistani consumers and businesses — enabling them to manage their finances with ease, security, and trust,” Lakhani added.
NayaPay provides a digital wallet service that lets users make everyday payments, send and receive money, split bills, and shop globally with a Visa debit card.
As NayaPay continues to extend and enhance its offerings, it targets to further contribute to financial inclusivity in Pakistan fintech startups, aligning with global trends in digital transformation and AI-driven financial services.
The “Fintech 100” recognition maintains NayaPay’s position among the top players in fintech startups, reinforcing its mission to reshape financial services in Pakistan and give impactful solutions for everyday financial needs.
