Insitor Impact Asia Fund II Pte Limited, a regional impact investment fund managed by Insitor Partners (Insitor), has invested US$2 million in GoldFin Public Limited Pakistan (GoldFin).
Insitor is the first impact fund manager to establish operations in Southeast Asia, and a leading investor in India and Pakistan. Having offices in Phnom Penh, Yangon, Mumbai, Karachi, and Singapore. They work together to create synergies and share best practices and industry expertise. And focus on the long-term development of the countries where they operate.
GoldFin founded by an experienced team of bankers with an aim to become the largest provider of Gold Backed Lending services in Pakistan. The company has obtained NOC to set up an NBFC (license pending).
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GoldFin will not only build its own GBL portfolio. But also serve as a service provider for leading financial institutions interested in Gold Backed Lending.
Insitor’s investment will help GoldFin expand its geographic footprint. We intend to extend our full support to borrowers in their journey to increase access to credit in Pakistan,” said Hammad Umar, Country Manager, Insitor.
“We appreciate Insitor’s confidence in the team and their commitment to invest in impactful businesses in Pakistan. Our focus will be on building a customer-centric organization that leverages the culturally driven savings of ordinary citizens into the national economy will take advantage of digitization to mainstream,” said Nadeem Hussain, Chairman, GoldFin.