# QisstPay

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

- Industry: Financial Services
- Headquarters: Islamabad, Pakistan
- Website: www.qisstpay.com
- Latest round: Seed (Sep 29, 2021)
- Investors on record: 4

## About

QisstPay, Inc. is a payment solutions provider specializing in innovative e-commerce transaction facilitation through its Buy Now, Pay Later (BNPL) service, enhancing consumer purchasing flexibility and retailer sales.Founded in 2020 and headquartered in Islamabad, Pakistan, QisstPay, Inc. offers modern payment solutions aimed at improving online shopping experiences. The company has successfully completed 2 deals, with its most recent funding round occurring on September 29, 2021. The firm was founded by Syed Ahmed, with Yasser K serving as CEO.QisstPay specializes in providing innovative payment solutions designed to facilitate seamless e-commerce transactions. Their core offering includes a Buy Now, Pay Later (BNPL) service, enabling consumers to make purchases and pay for them in installments over a designated period. This service caters to various sectors, including retail and e-commerce, allowing end users to attain products without immediate full payment. QisstPay primarily targets customers in regions with high online shopping activity, focusing on markets across Southeast Asia and the Middle East. The platform aims to increase conversion rates for retailers by providing flexible payment options that enhance the overall consumer shopping experience, thus addressing the growing demand for accessible credit solutions in rapidly expanding online markets.QisstPay operates on a revenue model that capitalizes on transaction fees collected from merchants participating in their BNPL service. When a consumer opts to purchase through QisstPay, the retailer receives the full amount upfront while the consumer repays QisstPay in installments. This structure fosters a steady cash flow for the company as it engages in partnerships with various retailers, enhancing their sales through increased customer spending capabilities. Revenue generation is further bolstered by service fees charged to merchants, based on the transaction value. Although specific pricing plans for services are not disclosed, the company’s flagship offerings are designed to appeal both to businesses seeking to increase sales and consumers desiring flexible payment solutions.Following a successful funding round in September 2021, where QisstPay, Inc. raised part of a larger USD 15 mn seed equity and debt funding led by MSA Capital, the company plans to expand its services into Sri Lanka and Bangladesh. The funds will also enable the Islamabad-based team to grow to over 100 employees. QisstPay aims to enhance its product offerings and expand its market reach, aligning with the growing demand for BNPL solutions in new regions.

## Funding rounds

- Seed, Sep 29, 2021 — MSA Capital, Global Founders Capital, Fox Ventures, First Check Ventures

## Investors

- MSA Capital (https://capitalatlas.ai/funds/msa-capital) — Seed
- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed
- Fox Ventures (https://capitalatlas.ai/funds/fox-ventures) — Seed
- First Check Ventures (https://capitalatlas.ai/funds/first-check-ventures) — Seed