Pathao has raised $12 million in a pre-series B funding round as part of the company’s strategic shift towards fintech.
According to a company statement, this latest investment brings Pathao’s total capital to over $50 million, the highest amount raised by a pre-series B startup in Bangladesh.
The funding round was led by Middle East and North Africa-based VentureSouq, which has made platform investments across the Middle East, Africa, and South Asia. Additional investments came from Anchorless Bangladesh, Osiris Group, South Asia Tech, Openspace Ventures, and other investors.
Read more:
https://www.thedailystar.net/business/news/pathao-raises-12-million-foreign-funds-3702771
https://www.thedailystar.net/business/economy/news/pathao-gets-12m-fintech-push-3703291
https://asiaconnectmagazine.com/pathao-secures-record-12m-to-expand-bangladeshi-fintech-ventures/
https://asiaconnectmagazine.com/pathao-secures-record-12m-to-expand-bangladeshi-fintech-ventures/
https://www.techinasia.com/news/pathao-record-12m-funding-build-bangladeshi-fintech