Pathao gets $12m for fintech push

Pathao, a Bangladeshi ride-hailing company, has raised $12 million to expand its fintech offerings. This brings its total funding to over $50 million, the highest for any pre-Series B startup in Bangladesh. The funding round was led by VentureSouq, with additional investments from other firms. Pathao plans to use the funds to scale its fintech products, including Pathao Pay and Pay Later. The company aims to provide personalized financial solutions to young professionals and tech-enabled small businesses in Bangladesh, serving over 10 million customers since 2015.READ FULL