About Waada
Waada is a company based in Karachi (Pakistan) founded in 2020 by Ishaq Kothawala. It operates as a InsurTech and Pay-per-Use / Usage-Based. Waada has raised $1.3 million across 1 funding round. Waada has completed 1 acquisition, including MicroEnsure. Waada offers products and services including Personal Accidental Insurance, Hospital Cash, Life Insurance, and Mobile Phone Insurance.
- Total Equity Funding$1.3M (USD)
in 1 rounds
- Latest Funding Round$1.3M (USD), Seed
Nov 2022
- Investments & Acquisitions
Products & Services of Waada
Waada offers a comprehensive portfolio of products and services, including Personal Accidental Insurance, Hospital Cash, Life Insurance, and Mobile Phone Insurance.
Coverage for personal accidents is provided by Waada.
Daily cash benefits for hospitalization are offered here.
Life coverage plans are provided for financial security.
Protection for mobile devices is ensured by Waada.
Apps and channels of Waada
its YouTube channel WAADA has 1.07K subscribers and 25 videos.
Videos from Waada
The most watched videos on Waada's YouTube channel, WAADA (1.07K subscribers). Click a video to play it here.
More on WAADA.
Funding Insights of Waada
Waada has successfully raised a total of $1.3M through 1 strategic funding round. The most recent funding activity was a Seed round of $1.3 million completed in November 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 $1.3M
- Total Rounds 1
- Last Round Seed — $1.3M
- First Round $1.3M
(Nov 2022)
All 1 funding rounds of Waada with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov 2022 | $1.3M | Seed | – | – | – |
People of Waada
1 people are tracked at Waada (1 in leadership).
| Name | Role | Group |
|---|---|---|
Ishaq Kothawala | Founder & CEO | Leadership |
Complete people profiles for Waada
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by Waada
Waada has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include MicroEnsure.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Micro-insurance is delivered online to low-income individuals and businesses. | microensure.com | Cheltenham, United Kingdom | 2002 | Nov 2022 | •••• |
Complete acquisition details for Waada
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
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Timeline of Waada
3 dated milestones of Waada across 2 years, from founding to its latest funding, stage changes and deals.
- Founded Waada is founded.
- Funding First funding round of $1.3M.
- Acquisition Acquires MicroEnsure.
Web traffic of Waada
The website of Waada (waada.pk) receives about 14.6K visits a month.
- Monthly visits14.6K
▼ 47% vs previous month
Websites whose visitors overlap most with Waada. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| google.com | 100% | 85.8B | #1 | View details | |
| tplinsurance.com | 89% | 63.7K | #677,320 | View details | |
| jazzcash.com.pk | 78% | – | #48,236 | View details | |
whoseno.com | whoseno.com | 78% | – | #367,536 | – |
| easypaisa.com.pk | 52% | 367K | #95,715 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 6 similar websites and full traffic analytics for Waada
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 6 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Waada
Complete news archive for Waada
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Similar companies to Waada
10 companies that operate in the same segment as Waada (Islamic FinTech Solutions), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Purchase financing solutions are offered to businesses via installment payments. | 2019 | Dubai, Dubai, United Arab Emirates | USD 837 M | – | – | |
FWD Group is recognized as an innovative insurance provider. | 2013 | Hong Kong, China | USD 1.83 B | USD 4.35 B | – | |
Business loans are connected via an online P2P lending platform. | 2015 | Jakarta, Jakarta, Indonesia | USD 254.32 M | – | – | |
Micro-entrepreneurs and SMEs are linked to investors through P2P lending. | 2010 | Cilandak, Jakarta, Indonesia | USD 53 M | – | – | |
Shariah-compliant investments and savings are offered to individuals. | 2017 | New York, New York, United States | USD 95 M | – | – | |
Buy-now-pay-later installment solutions are provided for retail shoppers. | 2020 | Riyadh, Saudi Arabia | USD 556 M | – | – | |
Unpaid invoices are financed through an online P2P marketplace. | 2019 | Riyadh, Saudi Arabia | USD 35.17 M | – | – | |
Embedded finance solutions are provided for small businesses. | 2007 | London, England, United Kingdom | USD 42 M | – | – | |
Abhi is recognized as a fintech company in Pakistan. | 2021 | Karachi, Sindh, Pakistan | USD 19.13 M | – | – | |
Financial services are provided for MSMEs, investors, and businesses. | 2015 | Lahore, Punjab, Pakistan | USD 24.5 M | – | – |
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Frequently Asked Questions about Waada
Waada was founded in 2020 and raised its 1st funding round 2 years after it was founded.
Waada is headquartered in Karachi, Pakistan. It is registered at Karachi, Sindh, Pakistan.
Ishaq Kothawala is the current CEO of Waada. They have also founded this company.
Waada is a funded company, having raised a total of $1.3M across 1 funding round to date. The company's 1st funding round was a Seed of $1.3M, raised on Nov 2022.
Waada is established as a prominent player in Pakistans insurance technology sector. The company is focused on providing innovative insurance solutions such as personal accidental insurance, hospital cash, life insurance, and mobile phone insurance. Services are designed to be affordable with pay-as-you-go premiums and are integrated with tech solutions for seamless user experiences. End-to-end policy management and swift claims processing within 48 hours are offered across multiple channels. Waada serves over 3 million lives and collaborates with major partners like Jazz, Telenor, and Zong to enhance distribution and accessibility.
Waada offers Personal Accidental Insurance, Hospital Cash, Life Insurance, and Mobile Phone Insurance.
Waada has made 1 acquisition, including MicroEnsure.