# Oraan Tech Pvt.

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/oraan-tech-pvt

- Industry: Software
- Headquarters: Pakistan
- Website: www.oraan.com
- Total disclosed funding: $5.8M
- Latest round: Seed (Jan 19, 2024)
- Investors on record: 10

## About

Oraan Tech Pvt. Ltd. is a Pakistani financial technology company that simplifies savings and investment processes, primarily focusing on empowering women through user-friendly digital financial solutions.Founded in 2018, Oraan Tech Pvt. Ltd. is dedicated to providing innovative financial services tailored for women in Pakistan. The company has successfully raised USD 3.31 mn in Seed funding as of January 19, 2024, and has completed 4 deals to date. Halima Iqbal serves as both the founder and CEO, previously known for her initiatives in financial empowerment. The company operates primarily from its headquarters in Pakistan, where it has built a substantial presence in the fintech sector.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. The company serves a diverse client base across Pakistan and has gained significant traction with thousands of verified members.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. These financial products are designed to meet the needs of different households, with an emphasis on maximizing returns while minimizing risks through expert guidance and personalized coaching.In January 2024, Oraan Tech Pvt. Ltd. raised USD 3.31 mn in Seed funding co-led by returning investors Zayn Capital and Wavemaker Partners, with participation from Tharros, Invest2Innovate, Graph Ventures, Plug and Play Ventures, Seedstars, and individual investors. The funding will be utilized to enhance the current digital platform and expand its offerings, with new products set to be launched in late 2024, further supporting women's financial literacy and empowerment. Additionally, the company plans to target expansion into new geographic markets within South Asia by 2025, leveraging its successful model to reach more clients.

## Funding rounds

- Seed, Jan 19, 2024, $3.3M — Wavemaker Partners, Plug and Play, Graph Ventures, Seedstars, I2I Ventures, Tharros, Zayn VC
- Seed, Nov 21, 2022, $2.5M — Wavemaker Partners, Plug and Play, Hustle Fund, Haitou Global, I2I Ventures, Zayn VC, Resolution Ventures

## Investors

- Wavemaker Partners (https://capitalatlas.ai/funds/wavemaker-partners) — Seed
- Plug and Play (https://capitalatlas.ai/funds/plug-and-play) — Seed
- Hustle Fund (https://capitalatlas.ai/funds/hustle-fund) — Seed
- Haitou Global — Seed
- I2I Ventures (https://capitalatlas.ai/funds/i2i-ventures) — Seed
- Zayn VC (https://capitalatlas.ai/funds/zayn-vc) — Seed
- Resolution Ventures (https://capitalatlas.ai/funds/resolution-ventures) — Seed
- Graph Ventures (https://capitalatlas.ai/funds/graph-ventures) — Seed
- Seedstars (https://capitalatlas.ai/funds/seedstars) — Seed
- Tharros (https://capitalatlas.ai/funds/tharros) — Seed