Pakistan's fintech AdalFi plans PSX IPO next month: report
AdalFi is a Pakistani digital lending platform and a subsidiary of Techlogix, is planning an initial public offering (IPO) next month to expand its Islamic and small-business loans services, the digital lending platform. According to Bloomberg , the company plans to raise as much as Rs652 million ($2.35 million) by issuing new shares at the Pakistan Stock Exchange. AdalFi is focused on digital…
Pakistani fintech company AdalFi, a subsidiary of Techlogix, is set to launch an initial public offering (IPO) on the Pakistan Stock Exchange (PSX) in the coming month, according to a report by Bloomberg. The digital lending platform aims to raise up to Rs652 million ($2.35 million) by issuing new shares. AdalFi's mission is to democratize credit access for all Pakistanis by utilizing data and Artificial Intelligence (AI) to make credit decisions.
The company operates as a B2B2C fintech, leveraging proprietary technology to analyze financial transactional data held by banks. This enables personalized digital marketing to qualified prospects and provides real-time loans. AdalFi's credit scoring system ensures portfolio quality for banks. In February 2023, the company secured $7.5 million in funding from investors including COTU Ventures, Chimaera Ventures, Fatima Gobi Ventures, and Zayn Capital.
The IPO market on the PSX has seen a significant revival in 2026, with several notable companies, including Service Long March Tyres Limited and Ghani Dairies Limited, successfully raising substantial funds through their listings.
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