FinVolution Group’s Pakistan-based mobile lending platform Daira has completed its first year of operations with impressive growth, surpassing one million registered users and disbursing more than PKR 1 billion in loans to over 200,000 customers across the country.

The milestone was highlighted during a meeting between Minister for Board of Investment (BoI) Qaiser Ahmed Sheikh and a delegation from FinVolution Group China in Islamabad, according to a Gwadar Pro's report. The delegation was co-led by Li Tiezheng, CEO of FinVolution China, and Sheikh Omer Nasim, CEO of FinVolution Pakistan and Daira, according to BOI statement issued on Tuesday.

Launched in 2023, Daira is a mobile-first nano-lending application developed by Finleap Financial Services (Private) Limited — a licensed Non-Banking Financial Company (NBFC) regulated by the Securities and Exchange Commission of Pakistan (SECP) under License No. SECP/LRD/150/FFSPL/2024.

As an approved nano-lending platform, Daira offers fast, secure, and fully paperless micro-loans to individuals across Pakistan, providing an accessible solution for daily wage earners, small vendors, and first-time borrowers who often lack access to traditional banking channels.

Through its simple mobile interface, Daira enables users to apply for loans instantly without paperwork, bank visits, or hidden fees. The platform’s focus on speed, transparency, and inclusivity has made it one of Pakistan’s leading instant loan apps, helping bridge the financial gap for underserved communities.

The company also announced that Daira has recently acquired a Buy Now, Pay Later (BNPL) license, allowing it to expand its services to digital installment-based purchasing as well as further supporting customers in managing everyday financial needs conveniently and responsibly.

Minister Qaiser Ahmed Sheikh commended FinVolution’s contribution “to promoting financial inclusion and empowering unbanked populations through innovative financial technologies”. He assured the delegation of the government’s full support for their continued growth and reaffirmed Pakistan’s commitment to deepening investment and financial cooperation with China.

Headquartered in Shanghai, FinVolution Group is a leading fintech company operating technology-driven financial platforms across multiple countries. By combining advanced data analytics with responsible lending practices, FinVolution connects underserved borrowers with sustainable credit solutions.

Its Pakistan venture, Daira, represents a major step in extending these digital financial services to South Asia’s expanding fintech ecosystem.

Credit: Independent News Pakistan (INP) — Pak-China