GoldFin raises $2 million from Insitor

We have advised Goldfin Limited in successfully raising $2 million in funding from Insitor Impact Asia Fund II Pte Limited, a regional impact investment fund managed by Insitor Partners (Insitor).

ABS & Co’s team advised on the entire transaction structure and helped draft and negotiate the transaction documents. GoldFin was founded by an experienced team of bankers with a vision of becoming the premier provider of gold-backed lending (GBL) services in Pakistan. Earlier this year, we had advised Goldfin in securing permission to set up an NBFC.

Insitor’s investment will help GoldFin expand its geographical footprint and introduce innovative solutions for collateral assessment and safe-keeping “We hope that our investment in GoldFin will help create an ecosystem that can unlock liquidity for the masses in a fast and efficient manner, especially for female borrowers. We intend to provide our full support throughout their journey of enhancing access to credit in Pakistan,” said Hammad Umer, Country Manager Insitor.

“We appreciate Insitor’s faith in the Team and their commitment to investing in impactful businesses in Pakistan. Our focus shall remain on building a customer-centric institution that will leverage digitization to bring the culturally driven savings of ordinary citizens into the stream of the national economy,” said Nadeem Hussain, Chairman GoldFin.

Our team of lawyers in Pakistan was led by Samar Masood, Natalia Najam and Manahil Gilani.

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