Pak Oman Investment Company Ltd Partners with Fauree Tech Pvt Limited to Launch Digital Supply Chain Financing Platform

Pak Oman Investment Company Ltd Partners with Fauree Tech Pvt Limited to Launch Digital Supply Chain Financing Platform

Pak Oman Investment Company Ltd, a leading Development Financial Institution in Pakistan, has entered into an innovative partnership with Fauree Tech Pvt Limited, a forward-thinking Fintech company specializing in supply chain solutions. This collaboration will focus on the development of a cutting-edge digital platform aimed at financing suppliers who are integral to structured supply chains linked with prominent corporations.

The signing ceremony marked a significant milestone, with senior leadership from both organizations in attendance, including Mr. Nauman Ansari, Managing Director & CEO of Pak Oman and Mr. Azhar Tasadduq, CEO of Fauree Tech Pvt Limited, accompanied by their respective teams.

This strategic partnership is designed to empower small and medium-sized enterprises (SMEs) by providing them with much-needed access to financial support. In a time of economic uncertainty, this collaboration will assist SMEs in securing essential working capital, enabling them to keep their businesses operational. As part of the agreement, Pak Oman will offer digital supply chain financing, while Fauree will supply the advanced platform that facilitates real-time financial transactions.

Mr. Nauman Ansari, Managing Director & CEO of Pak Oman, commented, “At Pak Oman, we are steadfast in our mission to foster innovative financing solutions. We are excited to partner with Fauree to create a digital platform that reaches a wide network of SMEs and their corporate partners. This collaboration will be instrumental in growing a vital sector of our economy.”

Mr. Azhar Tasadduq, CEO of Fauree, expressed his enthusiasm, saying, “Fauree was founded with the vision of bridging gaps in the market for SMEs, who are often underserved in terms of financial solutions. Despite the significant role that SMEs play in the nation’s economic development, many of them struggle to access the funding they need. We are grateful to Pak Oman for trusting in our vision and for the opportunity to support these critical businesses.”