KarloCompare.com.pk announced today that it has secured its first angel investment from Hina Khawaja Bayat and Roger D. Bayat to grow its operations.
The invested amount and valuation remains undisclosed.
Roger D. Bayat will join the company as the Chairman of the Board to help direct the team in building out operations. Since the launch, CompareOn (the parent company) has also added Farid ul Haque and Muhammad Rehan Qadri to its advisory board. Farid will provide strategic guidance to the team and board of directors, whereas Rehan will provide guidance and oversight on building scalable financial technology products for the company.
Karlocompare.com.pk helps Pakistani consumers save time and money when it comes to discovering, comparing, and applying for personal finance products such as credit cards, personal, auto loans, general insurance and broadband connections. It was launched about 3 months ago and since then has established partnerships with insurance providers such as Jubilee General Insurance and EFU General Insurance. Furthermore, the company is in talks with numerous other banks, insurance companies and broadband service providers.
“Buying personal financial products in Pakistan can be a tedious process. With Karlocompare, Pakistani consumers will be able to discover and easily access personal finance products that match their requirements. We are confident that our efforts will help consumers in making more informed decisions and enhance their understanding of financial products and services that they consume”. – Sumair Farooqui, Co-founder of CompareOn Pakistan.
KarloCompare.com.pk is a personal finance aggregation service operated under CompareOn Pakistan Private limited. The company was founded by Sumair Farooqui and Ali Ladhubhai for improving transparency, accessibility and financial literacy through digital interfaces.
“A service like KarloCompare is beneficial for both consumers and product providers. It allows the consumer to make an informed, independent choice at a bargain price. Since these are not physical products that one needs to feel, touch or see, it allows someone like myself access to them without the hassle of going out there. For many women out there, who want to make independent choices regarding their own finances, KarloCompare can help.” – Hina Khwaja Bayat.