Pathao has received an investment of 1 crore 2 million dollars

Consumer technology company Pathao has received an investment of $12 million or $12 million. Through these investments, Pathao has received a total of 50 million or more than 50 million dollars in funding. They have received the highest investment among pre-series B startups in Bangladesh.

The investment is led by Middle East-based Venturesook. Earlier they made 'platform investments' in the Middle East, Africa and South Asia. Apart from this, Anchorless Bangladesh, Osiris Group, South Asia Tech, OpenSpace Ventures and other investors have participated in it. News notification.

According to the notification, Pathao has been a profitable company for two years. Pathao is now planning to provide better services to customers through fintech service integration.

Fahim Ahmed, Managing Director and CEO of Pathao, said, Pathao is not just a brand, it is now a lifestyle. Just as the city's transport, logistics and gig economy (predominance of temporary jobs. Various organizations employ independent workers on short-term contracts. Freelancers are more important than full-time workers and most of the work is done by these freelancers) have completely changed, so Pathao's fintech initiative will change the landscape of the financial sector in Bangladesh.

Fahim Ahmed also said that Pathao has also made progress in fintech. It has brought digital wallet 'Pathao Pay' and country's first and largest 'Buy Now Pay Letter' service 'Pathao Pay Letter'. 'Pay Letter' has already become profitable thanks to Pathao's machine learning approach.

The notification also said that more than 50 lakh young professionals and more than 5 lakh technology small businessmen are getting financial solutions using Pathao's fintech services and digital technologies.

Since its inception in 2015, Pathao has served more than one crore customers and has been instrumental in creating more than five lakh jobs in Bangladesh's gig economy and small businesses.