PostEx Acquires Call Courier to Become Pakistan’s Largest eCommerce Service Provider

Pakistan’s e-commerce sector is set to hit $12 billion by 2025 as adoption and growth scale. In propelling this growth, PostEx has completed the acquisition of Call Courier, a logistics service provider, to expand its logistics offering, making it the largest e-commerce service provider in the country. AUC Law, Salahuddin, Saif & Aslam Co., and MHBWHB Law Associates were the legal advisors for the transaction. This transaction brings together PostEx’s upfront payments, revenue-based financing, and technology with Call Courier’s nationwide logistics infrastructure. Following the transaction, PostEx will now service 1.3 million users with over 8,000 merchants across 500 cities in Pakistan, on track to becoming the largest fintech in Pakistan with a monthly loan book crossing $12 million. PostEx becomes the first company in the region to provide receivables factoring and logistics service that pays invoice values upfront to e-commerce companies, helping e-commerce sellers and SMEs to thrive, grow, and take full advantage of every opportunity that comes their way. PostEx is backed by leading investors that include Zayn, MSA, GFC, RTP, FJ Labs, Shorooq, VSQ, and others who have helped raised an $8.6 million seed round – one of the largest for a Pakistani startup. Call Courier will be a wholly owned subsidiary under the group name. PostEx welcomes Jawad Mirza, founder and CEO of Call Courier to its Board of Directors who will continue to play an integral role in the business while leading the logistics business. Omer Khan, the founder & CEO of PostEx, commented, He added, Call Courier’s strong presence in Pakistan complements PostEx’s vision and nationwide footprint. This strategic decision brings PostEx’s total presence to over 500 cities, serving up to 1.3 million people monthly across Pakistan as the transaction enables both companies to leverage each other’s technological and operational expertise. Jawad Mirza, the founder & CEO of Call Courier, commented, Mirza further mentioned, Over 90 percent of e-commerce transactions are completed in cash, which represents almost $6.5 billion. The majority of the consumers who shop online in Pakistan pay using the cash-on-delivery payment method and the payment cycles for such orders range between a week to a month which creates cash flow issues for online sellers. PostEx is solving these challenges with its fintech and logistics platform. In addition to cash-on-delivery, the company also offers Revenue Based Financing to provide easy access to capital, making it the first and last source of non-dilutive financing for e-commerce.