94 indexable Financial Services companies headquartered in Pakistan, ranked by total equity funding and recent funding momentum. Combined disclosed equity funding of $1.5B across 7 funded companies.
| # | Company | Funding | Valuation | Stage | Latest round | Employees | Founded | Momentum |
|---|---|---|---|---|---|---|---|---|
| 1 |
Telenor Microfinance Bank
MIcrofinance bank |
$305M | — | Series D | Series D Nov 2022 | 2,631 | 2005 | — |
| 2 |
Kashf
Microcredit to low income individuals & entrepreneurs |
$10.1M | — | Early Stage | Conventional Debt Oct 2022 | 2,620 | 1996 | — |
| 3 |
Dbank
Islamic bank |
$17.6M | — | Seed | Seed Jul 2022 | — | 2021 | — |
| 4 |
U Microfinance Bank
Microfinance bank |
$1B | — | Series A | Series A Jan 2018 | — | 2008 | — |
| 5 |
HBL
Commercial bank |
$121.1M | — | Late Stage | Conventional Debt Oct 2018 | — | 1940 | — |
| 6 |
Bank Alfalah
Commercial bank |
$66M | — | Series C | Series C Dec 2014 | 14 | 1997 | — |
| 7 |
NRSP Microfinance Bank
Provider of microfinance banking services and Islamic banking products |
$1.9M | — | Series A | Series A 2011 | 1,459 | 2010 | — |
| 8 |
TPL Insurance
Provider of general insurance products directly to consumers and corporate clients |
— | — | Acquired | PE Apr 2022 | — | 2009 | — |
| 9 |
Trellis
Provider of home financial services |
— | — | Seed | Nov 2021 | 35 | 2020 | — |
| 10 |
ORIX Leasing Pakistan
Diversified NBFI |
— | — | Funding Raised | Jan 2018 | — | 1986 | — |
| 11 |
ASA Pakistan
Provider of business loans |
— | — | Funding Raised | Jul 2017 | — | 2008 | — |
| 12 |
Silkbank
Diversified financial institution |
— | — | Acquired | Seed Dec 2015 | 4,078 | 2001 | — |
| 13 |
Khushhali Microfinance Bank
Microfinance bank |
— | — | Funding Raised | Grant (prize money) Sep 2011 | 1,001 | 2000 | — |
| 14 |
AAML
Diversified asset management firm |
— | — | Unfunded | — | — | 2002 | — |
| 15 |
Aba Ali Habib Securities
Online trading platform for stocks |
— | — | Unfunded | — | — | 1969 | — |
| 16 |
Abbasi and Company
App-based platform for stocks and commodities |
— | — | Unfunded | — | — | 1960 | — |
| 17 |
adamjee insurance
Adamjee Insurance provides insurance services for fire, accident, oil and gas, thermal energy, health and other related fields. |
— | — | Public | — | 2,912 | 1960 | — |
| 18 |
Adamjee Life
Internet first provider of life insurance services |
— | — | Unfunded | — | — | 2008 | — |
| 19 |
Advans Pakistan
Provider of microfinance bank |
— | — | Acquired | — | — | 2013 | — |
| 20 |
Agico
Internet first provider of health, travel, auto, fire, marine, and other insurance services |
— | — | Unfunded | — | — | 1995 | — |
| 21 |
AGIML
Provider of investment management services |
— | — | Deadpooled | — | — | 2004 | — |
| 22 |
Akountmate
Provider of accounting, auditing, tax, payroll and financial services |
— | — | Funding Raised | — | — | 2020 | — |
| 23 |
Al Meezan Investments
Diversified investment management firm |
— | — | Unfunded | — | — | 1995 | — |
| 24 |
Alfalah Insurance
Diversified insurance carrier |
— | — | Unfunded | — | — | 2006 | — |
| 25 |
Alfalah Securities
Provider of brokerage services for equities, commodities, and forex trading |
— | — | Deadpooled | — | — | 2003 | — |
| 26 |
Allied Bank
Provider of diverse financial services including banking, lending, and investment products |
— | — | Unfunded | — | 11,929 | 1942 | — |
| 27 |
apna microfinance bank
Apna Microfinance Bank provides financial services to less privileged for economic empowerment of entrepreneurs in agri & micro enterprises. |
— | — | Public | — | — | 2003 | — |
| 28 | Askari Life Assurance | — | — | Acquired | — | 85 | 1971 | — |
| 29 |
Backers & Partners
Provider of stock brokerage services |
— | — | Unfunded | — | — | 2014 | — |
| 30 |
Bank Makramah
Provider of Islamic banking services including accounts and remittance programs |
— | — | Unfunded | — | — | 2023 | — |
| 31 |
BankIslami
Islamic bank in Pakistan |
— | — | Funding Raised | — | 3,058 | 2006 | — |
| 32 |
Blue Box Business Solution
Complete Financial & IT Solution |
— | — | — | — | — | 2017 | — |
| 33 |
Central Depository Company
Manufacturer of portable weighing and measurement solutions |
— | — | Unfunded | — | 380 | 1993 | — |
| 34 |
century insurance
Century Insurance provides general insurance business. |
— | — | Public | — | — | 1985 | — |
| 35 |
crescent star insurance
Crescent Star Insurance is a insurance service provider company. |
— | — | Public | — | — | 1957 | — |
| 36 |
Cyan
Provider of investment management and financial advisory services to institutions |
— | — | Unfunded | — | — | 1960 | — |
| 37 |
Dawood Hercules
Provider of investment management services |
— | — | Unfunded | — | — | 1968 | — |
| 38 |
dolmen city reit
Dolmen City Reit is a REIT management company aimed towards bringing average investor into real estate investment. |
— | — | Public | — | — | 2009 | — |
| 39 |
EFU Insurance
P&C insurance carrier |
— | — | Unfunded | — | 3,630 | 1932 | — |
| 40 |
EFU Life
Life insurance company |
— | — | Unfunded | — | 2,502 | 1992 | — |
| 41 | Fin Lab Solutions | — | — | Private | — | 2 | 2017 | — |
| 42 |
FINCA Microfinance Bank
Micro finance bank |
— | — | Acquired | — | — | 2008 | — |
| 43 |
first habib modaraba
First Habib Modaraba is a financial service company |
— | — | Public | — | — | 1985 | — |
| 44 |
Frontier (Other Financial Services)
Provider of embedded Islamic finance services for small businesses based in Karachi, Pakistan. The company is currently operating in stealth mode. |
— | — | Private | — | 7 | 2021 | — |
| 45 |
habib insurance
Habib Insurance is a provider of property insurance, marine insurance, travel insurance, and motor insurance services. |
— | — | Public | — | — | 1942 | — |
| 46 |
HabibMetro
Commercial bank |
— | — | Unfunded | — | 6,915 | 1992 | — |
| 47 |
HBL Asset Management
Diversified investment management firm |
— | — | Unfunded | — | — | 2006 | — |
| 48 | IGI Holdings | — | — | Acquired | — | 396 | 1953 | — |
| 49 |
Innovative
Provider of technological solutions to the financial and corporate sectors with a focus on service |
— | — | Unfunded | — | — | 1987 | — |
| 50 |
Invexic
Provider of financial planning, taxation, bookkeeping, and accounting services |
— | — | Unfunded | — | — | 2012 | — |
MIcrofinance bank
Microcredit to low income individuals & entrepreneurs
Islamic bank
Microfinance bank
Commercial bank
The Bank provides financial solutions to consumers, corporations, institutions, and governments through a broad spectrum of products and services, including corporate and investment banking, consumer banking and credit, securities brokerage, commercial, SME, agri-finance, Islamic, and asset financing solutions.
Provider of microfinance banking services and Islamic banking products. It offers a variety of loan products tailored to diverse customer needs, including agricultural loans, micro-enterprise loans, and financing for small businesses. Savings and deposit accounts are also available, along with insurance options. The bank utilizes a network of credit organizations to facilitate loan disbursement and customer support.
Provider of general insurance products directly to consumers and corporate clients. It utilizes technology to protect assets, offering customer service. The company provides auto, bike, travel, home, health, group health, micro health, mobile, property, fire, business interruption, terrorism, marine, cyber-risk, engineering, and miscellaneous insurance, including Takaful options.
Operator of a housing finance company intended to offer home financing and make the dreams of owning a home a reality. The company provides three different types of financing options, that are based on the Islamic finance principles of diminishing joint ownership to assist in the purchase of a completed house or flat, construction of property on customer-owned land, or renovation and extension of a property, enabling
Diversified NBFI
Diversified financial institution
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IFC
Acumen
British International Investment
Equator Capital Partners
FMO
Finnfund
Ant Group
Arif Habib
Arif Habib Corporation
BIO Invest
China Developement Bank
Rankings are computed by Radar (Fliar BI) from the Radar company master and are updated periodically. Funding and momentum scores use disclosed equity-funding data only. Figures may lag private rounds. Last updated 2026-06-22.
