Pakistani fintech startup, CreditBook, raised $11 million in the funding round which was led by an American investment firm, Tiger Global Management, LLC. These investments aim at providing the access to CreditBook to grow their finance for entrepreneurs. This startup was launched in 2020 with the idea of enhancing the financial output of small and medium-sized businesses all over Pakistan.
The app of CreditBook can be downloaded in mobile businesses and vendors and help them digitize ledgers to manage the accounts automatically. Ensuring to keep the data safe and backed up, the app helps users and schedule send free payment reminders.