# Intelligent Financial Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/intelligent-financial-technologies

- Industry: Financial Services
- Headquarters: Karachi, Pakistan
- Website: www.getsafepay.pk
- Total disclosed funding: $0.1M
- Latest round: Seed (Feb 11, 2021)
- Investors on record: 7

## About

Intelligent Financial Technologies operates a payment processing platform that enhances financial control and streamlines payment acceptance for businesses across various sectors.Founded in 2017, Intelligent Financial Technologies is based in Karachi, Pakistan. The company specializes in payment processing solutions, with a focus on facilitating revenue protection and financial control. It has successfully completed a total of 3 funding deals, with the latest round being a Seed round on February 11, 2021, where it raised USD 150,000 led by Y Combinator. The founders of the company are Raza Naqvi and Ziyad Parekh, both of whom have a background in technology and entrepreneurship.Safepay offers an integrated platform designed to facilitate payment acceptance, revenue protection, and financial control. The core product lineup includes a range of payment solutions such as embedded checkout options, customizable payment links, and subscription management tools. These services are tailored to address various end-use cases, including e-commerce transactions, recurring billing for subscription services, and invoice payments across different platforms. Safepay's offerings serve a diverse clientele, including startups, small businesses, and established enterprises, with a focus on both B2B and B2C interactions. The platform operates in multiple geographical markets, providing solutions that cater to local payment preferences and compliance requirements, thereby enhancing global commerce capabilities.Safepay generates its revenue through transaction fees associated with its suite of payment services, including its flagship payment processing solutions. Businesses leveraging Safepay's platform may subscribe to tailored pricing plans that correspond to their transaction volume and the specific services utilized. The revenue structure primarily encompasses partnerships with merchants who utilize the platform for various payment needs, such as retail transactions, subscription services, and invoice payments. As clients process payments through Safepay's technology, the company earns fees from each transaction, reinforcing its revenue model based on the volume and value of transactions processed. This structure not only supports ongoing operational costs but also facilitates the expansion of the company's service offerings to meet evolving market demands.Following its Seed funding round on February 11, 2021, led by Stripe, Inc. along with participation from investors like Global Founders Capital and HOF Capital, Intelligent Financial Technologies plans to utilize the USD 150,000 raised to develop its product line, hire new employees, and ensure regulatory compliance. The company is focused on designing new payment solutions to enhance its platform functionalities. Additionally, it aims to expand its presence in new geographical markets by targeting Southeast Asia and the Middle East by the end of 2023. Raza Naqvi will continue to lead the company as CEO during this growth phase.

## Funding rounds

- Seed, Feb 11, 2021 — Stripe, Inc., Global Founders Capital, Soma Capital Management, HOF Capital, Mantis, Fatima Gobi Ventures
- Seed, Aug 26, 2020, $0.1M — Y Combinator

## Investors

- Y Combinator (https://capitalatlas.ai/funds/y-combinator) — Seed
- Stripe, Inc. — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Soma Capital Management (https://capitalatlas.ai/funds/soma-capital-management) — Seed
- HOF Capital (https://capitalatlas.ai/funds/hof-capital) — Seed
- Mantis (https://capitalatlas.ai/funds/mantis) — Seed
- Fatima Gobi Ventures (https://capitalatlas.ai/funds/fatima-gobi-ventures) — Seed