PostEx (Equity)
Funding Details
- Awarder
- RSS - techcrunch.com
- Date Award
- August 22, 2024
- Vertical
- Fintech and Logistics
- Funding URL
- View Funding Page
- Funding Amount:
- $7,300,000
Company Info
- Founding Year
- 2020
- Traction
- PostEx has an active merchant base of 15,000, with over 80% using its upfront payment service. The startup has crossed an annual recurring revenue rate of $21 million and is growing at 10-15% month-on-month.
- Revenue Amount
- $21,000,000
- ARR
- $21,000,000
- Founders
- Muhammad Omer Khan
- Company Description
- PostEx is a hybrid of receivables factoring solutions and courier services.
- Market
- E-commerce
- Location
- Pakistan
- Coinvestors
- Conjunction Capital, Dash Ventures, Sanabil 500, VSQ, FJ Labs, Zayn VC