Raqami Islamic Digital Bank Limited and Fauree Tech have entered into a collaboration aimed at advancing digital, embedded and Shariah-aligned financing solutions in Pakistan. The partnership brings together Raqami’s digital banking approach with Fauree Tech’s technology ecosystem across several financing segments, with the two organisations seeking to connect financial services more closely with businesses, employees, farmers and wider economic value chains.
The collaboration covers a range of technology-enabled financing areas, including small and medium enterprise (SME) and supply chain finance, distributor and dealer finance, early wage access and digital agriculture finance. These segments represent different parts of the economy where access to timely financing can support business activity, employee liquidity and agricultural operations. By combining digital banking capabilities with technology platforms serving these areas, the organisations intend to develop financing journeys that can be accessed through integrated digital channels.
A central objective of the partnership is to create seamless digital journeys that connect financing with real economic activity. Instead of treating financing as a standalone banking service, the collaboration seeks to integrate financial access into business and operational ecosystems. This approach can allow financing services to become more closely linked with transactions, supply chains, employment relationships and agricultural activities, providing customers with financial solutions within the environments where their economic activities take place.
For Raqami Islamic Digital Bank, the partnership supports its focus on developing digital banking services around Shariah-aligned financial solutions. The collaboration with Fauree Tech provides an opportunity to explore financing models that can serve different customer groups through technology. Businesses, employees, farmers and participants across broader value chains can potentially benefit from digital financial services designed around their specific activities and financing requirements.
Fauree Tech brings its technology ecosystem across SME and supply chain finance, distributor and dealer finance, early wage access and digital agriculture finance to the collaboration. Each area addresses a different financing requirement. Supply chain and business financing can support companies and commercial networks, distributor and dealer finance can address funding needs within distribution channels, early wage access can provide employees with greater flexibility around earned income, while digital agriculture finance can connect financial services with farming activities.
The partnership also reflects the growing role of embedded finance in Pakistan’s financial technology sector. Embedded financing involves integrating financial services into non-traditional digital platforms and economic workflows, allowing users to access financial products as part of the activities they are already undertaking. For financial institutions, such models can create additional ways to reach customers while giving businesses and other users access to financing through more integrated digital experiences.
The signing ceremony brought together senior representatives from both organisations. Umair Aijaz, President and Chief Executive Officer of Raqami Islamic Digital Bank, attended alongside Syed Abid Raza Rizvi, Head of Products, and Rukhsana Narejo, Chief Treasury and Alternate Investments. Fauree was represented by Suhaib Dar, Chief Business Officer, and Ezaaz Waseem, Head of Project and Relationship Management. Their participation reflects the involvement of leadership and product teams from both sides in the collaboration.
The organisations said the partnership is intended to support technology-led financial inclusion by connecting financing with businesses, employees, farmers and broader value chains. Digital delivery can help financial institutions extend financing beyond conventional channels while allowing financial products to be integrated into specific economic activities. The collaboration between Raqami Islamic Digital Bank and Fauree Tech is positioned around developing such models while maintaining a Shariah-aligned approach to financial services.
As Pakistan’s digital finance ecosystem continues to develop, partnerships between digital banks and technology companies are creating new avenues for financing across different sectors of the economy. The Raqami and Fauree collaboration brings together digital banking, embedded finance and sector-specific technology platforms, with the stated objective of making financing journeys more connected to real-world economic activity. The partnership will focus on using these capabilities to support businesses, workers, farmers and other participants across Pakistan’s financial and commercial ecosystem.
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