ABS & Co acted as the legal advisors to ZoodPay on its partnership agreement with NeemPro.
The JV forms an integral part of ZoodPay’s strategy to grow its holistic ecosystem of e-commerce, fintech and e-logistics services in Pakistan. It will enable ZoodPay to introduce its Shariah-Compliant Inventory Financing Solution for online merchants allowing the management of merchants’ stock, which serves as collateral for the inventory financing product. NeemPro will build upon this ecosystem via the provision of warehousing and fulfilment solutions through dedicated fulfilment centers and an e-logistics platform, supplemented by integrations with multiple last-mile delivery providers, completing the e-logistics vertical.
Sharing his views, Haider Badat, Founder and CEO of Neem.Pro said, “We believe in the limitless potential of ecommerce and are excited about the JV as this integrated solution will fast track the growth of Pakistan’s online merchants.”
Headquartered in Switzerland and managed by an experienced team of Fintech and eCommerce professionals, ZoodPay is a digital lending platform for e-commerce serving merchants and shoppers alike in the fast-growing mobile markets across Central Asia and the Middle East. ZoodPay leverages its proprietary, AI-based technology which utilizes data from its dynamic ecosystem of fintech, e-commerce, and e-logistics to serve the underbanked in markets where historical banking data and credit information for customer scoring is scarce or limited.
Neem.pro provides best-in-class fulfillment solutions that are flexible and scalable. It offers simple pricing options with optimized processes that enable retailers to grow their business, save unnecessary costs and time, and deliver a stellar customer experience for end consumers. Neem.pro has partnered with the best, to offer a complete suite for the e-commerce fulfillment journey. Its fully integratable platform empowers its clients through real-time visibility of their inventory and the journey of each order.