Lahore fintech AdalFi to raise up to Rs652m via share sale
The Lahore digital lender says it will issue new shares next month to fund Islamic and small-business loans, aiming to be the first fintech on the PSX.
Lahore-based AdalFi plans an initial public offering next month.
It aims to raise as much as Rs652 million ($2.35 million) by issuing new shares.
The digital lender says the funds will expand Islamic and small-business loan services.
AdalFi says it would be the first fintech to list on the Pakistan Stock Exchange.
It would also be among the few startups to list on the exchange.