{"id":80510,"date":"2024-08-21T00:00:00","date_gmt":"2024-08-21T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/"},"modified":"2024-08-21T00:00:00","modified_gmt":"2024-08-21T00:00:00","slug":"postex-closes-usd-7-3-mn-pre-series-a-round","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/","title":{"rendered":"PostEx closes USD 7.3 mn pre-series A round"},"content":{"rendered":"

Pakistan\u2019s PostEx<\/strong> closes USD 7.3 mn pre-series A round:<\/strong> Pakistan-based fintech and logistics company PostEx<\/a> secured USD 7.3 mn in pre-series A funding round, according to a press release (pdf)<\/a>. The funding round was led by Dubai-based Conjunction Capital<\/a>, seeing participation from Jordan\u2019s Dash Ventures<\/a>, and Saudi Arabia\u2019s Sanabil500<\/a>. The investment will allow PostEx to expand its operations in the GCC and double down its presence in Pakistan, according to the statement.<\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background as well as external sources.)<\/p>\n

Investors <\/strong>\u2764\ufe0f <\/strong>PostEx:<\/strong> The startup raised USD 1.5 mn in a previous seed round in 2021<\/a>, bringing the total amount secured in funding to USD 8.8 mn, led by MSA Capital. Shorooq Partners, Zayn Capital, VentureSouq, PNO Ventures, +92 Ventures, and Arbisoft\u2019s CEO Yasser Bashir also participated in the funding round.<\/p>\n

PostEx is focusing its GCC expansion drive on the UAE and Saudi Arabia<\/strong>, PostEx CEO Omer Khan told EnterpriseAM UAE. The company launched a pilot in Saudi Arabia with online merchants and local financing partners to fine-tune its offering before a full market entry. In the UAE, PostEx will adopt a more measured approach, prioritizing e-commerce financing over logistics due to the sector\u2019s maturity in the Emirates, Khan said. <\/p>\n

More on PostEx:<\/strong> The Punjab-based company offers up-front payments for cash-on-delivery e-commerce orders placed by suppliers, supported by a nationwide logistics network. PostEx serves 15k e-commerce merchants, with 80% using both its payment and logistics solutions, while the rest rely solely on its logistics services, according to Khan. <\/p>\n

PostEx provides funding exclusively to e-commerce businesses that use its logistics <\/strong>network<\/strong>, a strategy that helped to maintain the company\u2019s non-performing loan rate below 0.03%, according to Khan. The company covers around 60-70% of order values, with the remaining balance provided after delivery and payment. Financing levels are determined by the size of the business and the scale of its orders.<\/p>\n","protected":false},"excerpt":{"rendered":"

The investment will allow PostEx to expand its operations in the GCC<\/p>\n","protected":false},"author":1,"featured_media":80511,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[172],"tags":[162,322,211,31,171,367],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-80510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-startup-watch","tag-e-commerce","tag-fintech","tag-pakistan","tag-saudi-arabia","tag-startup-watch","tag-venture-capital","wpautop","entry"],"acf":{"mongo_id":"e57c2274-f7a5-4601-a6ca-4591ad2e51c3","order":"6","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/1872.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Fintech and logistics startup PostEx closes USD 7.3 mn pre-series A round with eye on GCC expansion","related_issue":[80500],"teaser":"The investment will allow PostEx to expand its operations in the GCC","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/8\/.84c67257-4d91-4cd1-bdec-f781dc8ba317.mp3"},"yoast_head":"\nPostEx closes USD 7.3 mn pre-series A round - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PostEx closes USD 7.3 mn pre-series A round\" \/>\n<meta property=\"og:description\" content=\"The investment will allow PostEx to expand its operations in the GCC\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2024-08-21T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1872.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"PostEx closes USD 7.3 mn pre-series A round\",\"datePublished\":\"2024-08-21T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/\"},\"wordCount\":328,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1872.jpg?fit=%2C&ssl=1\",\"keywords\":[\"e-commerce\",\"Fintech\",\"Pakistan\",\"Saudi Arabia\",\"STARTUP WATCH\",\"venture capital\"],\"articleSection\":[\"Startup Watch\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/\",\"name\":\"PostEx closes USD 7.3 mn pre-series A round - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1872.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-08-21T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1872.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1872.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"PostEx closes USD 7.3 mn pre-series A round\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"PostEx closes USD 7.3 mn pre-series A round - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/","og_locale":"en_US","og_type":"article","og_title":"PostEx closes USD 7.3 mn pre-series A round","og_description":"The investment will allow PostEx to expand its operations in the GCC","og_url":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/","og_site_name":"Logistics","article_published_time":"2024-08-21T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1872.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"PostEx closes USD 7.3 mn pre-series A round","datePublished":"2024-08-21T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/"},"wordCount":328,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1872.jpg?fit=%2C&ssl=1","keywords":["e-commerce","Fintech","Pakistan","Saudi Arabia","STARTUP WATCH","venture capital"],"articleSection":["Startup Watch"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/","url":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/","name":"PostEx closes USD 7.3 mn pre-series A round - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1872.jpg?fit=%2C&ssl=1","datePublished":"2024-08-21T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1872.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1872.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/08\/21\/postex-closes-usd-7-3-mn-pre-series-a-round\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"PostEx closes USD 7.3 mn pre-series A round"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1872.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1872.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/8\/1872.jpg?fit=%2C&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/80510","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=80510"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/80510\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/80500"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/80511"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=80510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=80510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=80510"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=80510"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=80510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}