KIA-backed Raqami Islamic Digital Bank to launch operations in Pakistan
Pakistani lender Raqami Islamic Digital Bank aims to invest $100 million as it prepares to launch operations next month.
The Karachi-headquartered digital lender, that is backed by Kuwaiti sovereign wealth fund – Kuwait Investment Authority – aims to rope in at least a million customers over the next three years, Bloomberg reported its CEO Umair Aijaz, as saying.
“We are very excited to explore this opportunity of a digital bank in the small- and medium-sized enterprise space,” Aijaz said in an interview to Bloomberg in Karachi.
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