Pakistan’s Taleem Finance Company receives $2.6m investment

Pakistan’s Taleem Finance Company receives $2.6m investment  

Pakistan’s first non-banking finance company focusing on affordable education has received a $2.6 million investment from a regional investment firm.

Insitor Impact Asia Fund II, which is managed by Insitor Partners, has provided the funding to Taleem Finance Company Limited (TFCL).

A formal event was organized in Lahore to mark the understanding.

Amjad Arbab, the chairman of TFCL, and the company’s CEO, Kamran Azim expressed confidence that Insitor’s investment will enable the company to continue to measurably improve the quality of low-income education across the country.

Hammad Umer, the country manager of Insitor, said, “I hope that this investment in TFCL will be just the beginning of a long and fruitful partnership between our two companies, where together we will make a significant contribution to transforming Pakistan’s education ecosystem”.

The Taleem Finance Company Limited (TFCL) was seeded by Gray Matters Capital Inc. (GMC), a company incorporated in Atlanta, USA, and provides customized financial products to low- and middle-income schools, teachers, and parents.

Since the start of its commercial operations in 2020, TFCL has disbursed approximately Rs400 million to about 600 clients in the education ecosystem across 14 cities of Punjab and plans to enhance its outreach across the country in the coming years.

Source: Business Recorder