PostEx Raises $7.3 Million in Pre-Series A Round to Cater Merchants in GCC Market

PostEx, one of Pakistan’s leading fintechs, has raised $7.3 million in a pre-Series A funding round. The round was led by Conjunction Capital – a technology-focused, global venture capital firm. Other participants included new investors – Dash Ventures, and Sanabil500, and existing investors VSQ, FJ Labs, and Zayn VC. The proceeds will assist PostEx in consolidating its market leadership in Pakistan and support an aggressive expansion into the GCC – where new markets and customers will have access to PostEx’s services. PostEx utilizes an innovative hybrid model of Fintech and Logistics. The Company provides instant access to capital – removing conventional barriers and challenges of traditional financing methods – while its embedded logistics solution makes e-commerce clients’ delivery operations far more efficient; mitigating customers’ cash flow issues. Access to capital is critical for online businesses looking to scale; those with adaptable financing partnerships are strategically positioned to leverage opportunities as they arise, driving business success. PostEx is successfully disrupting the established finance and logistics industries in Pakistan, amid a positive market environment with significant growth headroom. The country’s $6 billion e-commerce sector accounts for just 1-2 percent of total retail transactions, versus a global average of c. 15 percent. The fund raise follows a successful 18 months for PostEx – meeting several financial and operational milestones. The Company crossed Annual Recurring Revenue of $21 million – achieving profitability – and is processing over four million monthly transactions. It has been the market leader for the past two years; growing swiftly after commencing operations less than 36 months ago. Muhammad Omer Khan, CEO and Founder of PostEx, commented, Kirill Kozhevnikov, Managing and Founding Partner at Conjunction Capital, said, PostEx acquired Pakistani logistics service provider, Call Courier, in 2022, expanding its footprint across the entire country. Before its pre-Series A, PostEx had raised $8.6 million from investors including Global Founder Capital, MSA Capital, and Shorooq Partners. Aboudi Al-Qattan, Principal at DASH Ventures, commented, “While we are thrilled with performance so far, we understand that this opportunity is not limited to Pakistan: Omer is obsessed with building a truly global company,” he added. Founded in 2020, PostEx has rapidly grown to become one of Pakistan’s leading regulated fintechs and the country’s leading e-commerce logistics provider. By providing upfront payments to e-commerce businesses along with the provision of a reliable delivery network, PostEx offers a necessary solution for e-commerce businesses looking to scale and secure more consistent cash flow.