About SadaPay
SadaPay is a company based in Islamabad (Pakistan) founded in 2018 by Brandon Timinsky was acquired by Papara in February 2024. SadaPay has raised $17.9 million across 2 funding rounds from investors including Papara, Recharge Capital and Kingsway Capital.
- Headquarter Islamabad, Pakistan
- Founders Brandon Timinsky
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Sectors
Financial Services
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Phone
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Website
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Social
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Funding Insights of SadaPay
SadaPay has successfully raised a total of $17.9M across 2 strategic funding rounds. The most recent funding activity was a Seed round of $10.7 million completed in April 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Seed — $10.7M
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First Round
First Round
(31 Mar 2021)
- Investors Count 7
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2022 | Amount | Seed - SadaPay | Valuation | Recharge Capital , Kingsway Capital |
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| Mar, 2021 | Amount | Seed - SadaPay | Valuation | Recharge Capital |
Investors in SadaPay
SadaPay has secured backing from 8 investors, including venture fund, angel, and institutional investors. Prominent investors backing the company include Papara, Recharge Capital and Kingsway Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Recharge Capital is engaged in thematic investment strategies.
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Kingsway Capital is engaged in providing investment management services.
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Investment and strategic support are provided by Raptor Group.
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Investments & Acquisitions by SadaPay
Financial Statements - SadaPay
Sadapay Comparisons
Competitors of SadaPay
Frequently Asked Questions about SadaPay
SadaPay was founded in 2018 and raised its 1st funding round 3 years after it was founded.
SadaPay is headquartered in Islamabad, Pakistan.
Brandon Timinsky is the current CEO of SadaPay. They have also founded this company.
SadaPay is a funded company, having raised a total of $17.9M across 2 funding rounds to date. The company's 1st funding round was a Seed of $7.2M, raised on Mar 31, 2021.
SadaPay was founded in 2018 in Islamabad, Pakistan, as a digital bank targeting individuals. Savings and deposit accounts are provided, along with NFC-enabled prepaid cards for purchases, money transfers, and cash withdrawals. Biometric authentication and identity verification are utilized for secure login, while AI tools are employed for fraud detection. Operations focus on fintech services within the Pakistani market.
SadaPay has 8 investors. Key investors include Papara, Recharge Capital, Kingsway Capital, Raptor Group, and Pierpaolo Barbieri.