Fostering Innovation

Karandaaz Pakistan intends to spur innovation and entrepreneurship in Pakistan to help create the right ecosystem for disruptive financial technology solutions that can enhance financial inclusion in the country. Fostering Innovation neatly encapsulates our three themes Innovation, Women Entrepreneurship and Youth and intends to hold various challenges to nurture a culture of innovation.

Innovation Challenge Fund

Karandaaz Pakistan has launched an Innovation Challenge Fund (ICF) as an instrument to provide matching grants/patient capital to potential partners. The overall objective is to invite entities to solve complex problems using innovative yet practicable solutions which will be funded and supported by the company. The ICF is being used to source proposals to develop products, services, business models or other private sector solutions to challenges in the field of women and youth participation in the economy, financial inclusion and access to finance for SMEs. The first round focused on improving the current mechanism of foreign remittances from Pakistani workers working in different parts of the world. The winners of this Innovation Challenge on Remittances will be announced soon.

Innovation Challenge Fund

FinTech Disrupt Challenge

FINTECH DISRUPT CHALLENGE 2016

Karandaaz Pakistan has launched an Innovation Challenge Fund (ICF) as an instrument to provide matching grants/patient capital to potential partners. The overall objective is to invite entities to solve complex problems using innovative yet practicable solutions which will be funded and supported by the company. The ICF is being used to source proposals to develop products, services, business models or other private sector solutions to challenges in the field of women and youth participation in the economy, financial inclusion and access to finance for SMEs. The first round focused on improving the current mechanism of foreign remittances from Pakistani workers working in different parts of the world. The winners of this Innovation Challenge on Remittances will be announced soon.

FINTECH DISRUPT CHALLENGE 2017

Karandaaz Pakistan, in partnership with IBA AMAN Centre for Entrepreneurial Development announces the FinTech Disrupt Challenge 2017. The purpose of this challenge is to invite the most innovative ideas from all over Pakistan working in the financial technology space. In FDC 2017, grants will be given to the start-ups having high growth potential and innovative financial technology solutions. Ideas that focus on greater access to financial services to women are encouraged.

The objectives of FDC 2017 are as follows:

  • Support innovation in the FinTech space to enable greater financial inclusion.
  • To identify and support best and innovative practices in terms of digital payment solutions and other thematic areas as listed below.
  • Provide success stories and examples of new payment mechanisms.

Apply here: fdc.karandaaz.com.pk