Riyadh - Sharikat Mubasher: PostEx, a financial and logistics services provider based in Lahore, secured $7.3 million in a pre-Sereis A round led by the Dubai-headquartered Conjunction Capital, with participation from new and existing investors, including Sanabil500, Dash Ventures, VSQ, FJ Labs, and Zayn VC.
This investment will fuel PostEx's plans to expand into Saudi Arabia and other GCC countries, in addition to solidifying its presence in Pakistan, according to the company’s statement.
Through this investment, PostEx aims to provide innovative products, tap into new markets, and reach more customers.
Muhammad Omer Khan, Founder and CEO of PostEx, stated that the company’s mission is to help online merchants face working capital issues by providing integrated and advanced logistics solutions.
Founded in 2020, PostEx offers financial and logistics services to online merchants, including upfront payments against cash-on-delivery orders and an attached logistics service.
Kirill Kozhevnikov, Managing Partner at Conjunction Capital, affirmed that the company’s investment in PostEx highlights the pivotal role of Saudi and Emirati markets as a key engine of the GCC’s growth.
He affirmed the company’s commitment to supporting PostEx in expanding and achieving more success in these prominent markets.
PostEx integrates fintech technologies with logistics services to fulfill the growing needs of e-commerce companies in the region.
