YPay: Boosting Digital Investments with Enhanced Security
Peter Johnson- Jan 4, 2024
- 3 min read
At "The Founder Talk with Massimiliano Sulpizi," entrepreneurs were given the opportunity to showcase their business ideas and search for startup capital. EquityMatch offers its clients a range of beneficial services.
Muhammad Furqan Karim Kidwai is renowned in Fintech as a passionate advocate for democratizing personal finance in Pakistan. He is a data scientist of high repute in the field, possessing expertise in deep learning, machine learning, and analytical strategies, as well as IFRS 9 implementations. His credentials include a Bachelor's degree in Computer Sciences from Habib University, Karachi, and a Data Science Intensive Studies Certification from Stanford University, California. His technological background and entrepreneurial acumen make him a leading figure in the Fintech world. He is also the Co-Founder and COO of YPay Financial Services.
YPay Financial Services (Pvt. Ltd.) is taking steps towards achieving a financially stable Pakistan and Pan-Islamic region, allowing individuals to gain knowledge of investment opportunities, make informed decisions independent of intermediaries, and obtain financial growth in a Shariah-compliant manner. This company is the go-to platform for smart investments; serving as a gateway to carefully selected funds from esteemed firms in the finance world.
Pakistan ranks 5th in the world in terms of population growth, and has the highest rate of financial inclusion globally; despite this, its investment-to-GDP ratio has been stuck at 16% for the past two decades, primarily due to its reliance on telesales for retail investor sales.
Furqan declared that the time is ripe for Pakistan to embrace an innovative mobile-first technology in YPay, which enables users to make instant investments, keep track of their wealth, and automate their savings.
YPay obtained a business permit in March 2022, and since then, it has grown its user base to above 20,000 active customers who are taking benefit of YPay to save, invest, and learn about money management.
In relation to the product line, YPay initially debuted with Robo-Advisory of mutual funds before they released the academy feature. This feature is constructed on ChatGPT4 to provide the users tailored, recommended educational content based on their requirements.
YPay has earned income from two main sources: their mutual fund business, from which they make commissions, and their Robo-Advisory feature, which is a subscription-based service. Through the YPay platform, they have facilitated over $3.85 million and their monthly income is nearly $8,500.
Furqan expressed that they intend to kick off in Pakistan but envision broadening to the entire Middle East, North Africa and Pan-Islamic area. Their objective over the upcoming two to three years would be to increase, not just in Pakistan yet also to the MENAP (Middle East, North Africa and Pakistan) region where there exists a market of over 100 billion and users who could potentially use YPay apps.
The average age of YPay's initial user base being 24 years, mainly consisting of university students or early/mid-career professionals, YPay has formed partnerships with all universities in Karachi and surpassed 50 small and medium enterprises and startups. With startups, YPay carries out employee wellness programs and financial wellbeing schemes. Connecting with universities has enabled YPay to implement financial wellness programs.
Investors should look to YPay as an investment opportunity due to potential returns over the course of the next two to three years. YPay's innovative technology highlights the potential for investors to experience a significant reward.
Massimiliano Sulpizi is the CEO and Founder of EquityMatch, and a highly regarded business leader and merchant banker. In addition, he is the managing partner of HSMI-Corporate Advisory, offering counsel to customers through this entity. He is presently offering advice and occupying a seat on several boards of growth-phase companies in the technology and health care fields in the European Union and Hong Kong.
Businesses may benefit from the expertise of EquityMatch for choosing the best financing solution. It serves as a hub for startup investing, streamlining the fundraising process from seed funding through pre-IPO for entrepreneurs by removing the requirement to create a company profile for each step.
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