# AdalFi

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/adalfi

- Industry: Internet
- Headquarters: Lahore, Pakistan
- Website: www.adalfi.com
- Total disclosed funding: $7.5M
- Latest round: Seed (Feb 16, 2023)
- Investors on record: 4

## About

Founded in 2021 by Salman Akhtar (CEO) and others, and based in Lahore, Pakistan, AdalFi, a spinout from Techlogix, operates as a financial technology (fintech) company that provides a digital lending infrastructure. In February 2023, AdalFi raised USD 7.5 million in seed funding co-led by investors COTU Ventures and Chimera Capital, with participation from Fatima Gobi Ventures and Zayn Capital. As of February 2023, the firm has partnered with 14 banks and has generated over 70,000 loans. 

The company collaborates with financial institutions to provide a digital lending infrastructure that uses its proprietary AI-powered (artificial intelligence) credit scoring model to identify, qualify, engage, and activate digital lending processes. The company enables banks and small and medium-sized businesses to provide credit products such as revolving credit loans, credit cards, term loans, and salary advances.

The company intends to use the February 2023 funding to continue building out its team of engineers and modelers.

## Funding rounds

- Seed, Feb 16, 2023, $7.5M — Fatima Gobi Ventures, COTU Ventures, Chimera Capital, Zayn VC

## Investors

- Fatima Gobi Ventures (https://capitalatlas.ai/funds/fatima-gobi-ventures) — Seed
- COTU Ventures (https://capitalatlas.ai/funds/cotu-ventures) — Seed
- Chimera Capital (https://capitalatlas.ai/funds/chimera-capital) — Seed
- Zayn VC (https://capitalatlas.ai/funds/zayn-vc) — Seed