Oraan Tech Pvt.

Oraan Tech Pvt. Ltd.Founded in 2018, Oraan Tech Pvt. Ltd. is dedicated to providing innovative financial services tailored for women in Pakistan. Halima Iqbal serves as both the founder and CEO, previously known for her initiatives in financial empowerment.Oraan offers a digital platform that focuses on simplifying savings, investments, and budgeting, primarily targeting Pakistani women and their households. Its core product, Oraan Committees, is a modern adaptation of traditional savings groups, where members contribute a fixed monthly amount to a pooled fund. Each month, one member receives the total amount collected, continuing until all participants have benefited from the pool. The platform emphasizes user-friendly features, allowing members to select their preferred installment amounts, payout months, and durations. Oraan's services are designed to empower women by providing a secure and transparent environment for financial management, bolstered by advanced security measures to protect against fraud.Oraan generates revenue through its structured fee system associated with its Oraan Committees and other financial services. When a member joins a committee, they agree to a set monthly contribution, which is pooled with that of other members. The company’s business model incorporates a transaction structure where users participate directly, allowing for both individual and collective financial management. Revenue is derived from the minimal fees charged on these transactions and the services provided. Specific pricing plans are tailored to the different types of committees available, ensuring transparency and affordability for users.In January 2024, Oraan Tech Pvt. Ltd. Additionally, the company plans to target expansion into new geographic markets within South Asia by 2025, leveraging its successful model to reach more clients.

1. Seed

   Jan 19, 2024

   Amount

   $3.3M

   Investors

   Locked

2. Seed

   Nov 21, 2022

   Amount

   $2.5M

   Investors

   Locked