MyTM, the first-ever startup from Pakistan has raised 30 million Yen in its pre-seed round from a Tokyo stock listed company named Rentracks Japan.
Speaking on the occasion, CEO MyTM, Zain Farooq said, “Promoting the Prime Minister’s vision of a Digital Pakistan, this investment will enable MyTM to acquire an NBFC (non-banking financial company), hire new talent, and create a network of cash-rich agents in the country.”
Rentracks Group is one of the top agencies of Japanese Digital Advertisement (Performance based ad network). Because our business is highly recognized, we were ranked in Technology Fast 500™ Asia Pacific (APAC).
MyTM is a digital wallet. Fuelled by the passion for giving back to the country that has given them their identity, the team at MyTM started out with the aim to bank the unbanked of Pakistan. In a country of 220 million, only 12% have access to financial services, and the aim seems to be a good one.
MyTM is working on providing a digital payment service to merchants and ease of payment for consumers. We have a large network of merchants on board. In addition to that, to reach the wider and unbanked population, we have an extensive web of small shop owners who act as our agents. Through them, you can add money to your wallet and withdraw cash.