Pakistan-based Secure Logistic-Trax Ltd (SLG-Trax) has officially approved the initiation of talks to acquire Singapore’s Finova Technologies, a move signaling the company’s ambition to expand its fintech and non-banking financial services footprint internationally. The development comes shortly after SLG-Trax’s subsidiary, LogiServe (Pvt) Ltd, received an NBFC (Non-Banking Finance Company) license from the Securities & Exchange Commission of Pakistan (SECP) on August 19, 2025.
The acquisition, disclosed in a notice to the Pakistan Stock Exchange (PSX), outlines that SLG-Trax is entering good-faith negotiations with Finova Technologies, a Singapore-based provider specializing in supply chain finance, digital payments, and smart lending solutions. The company emphasized that the transaction is contingent upon successful completion of due diligence, necessary regulatory approvals, and final agreement on the definitive terms and conditions.
If completed, the acquisition will grant SLG-Trax full ownership of Finova’s intellectual property suite and potentially operational control over its fintech operations. This move is expected to accelerate the deployment of Finova’s software across SLG-Trax’s ecosystem, particularly in its logistics and e-commerce services. Since February 2025, the fintech platform has already been piloted with select SLG-Trax retail clients, supporting over 1.20 million shipments, facilitating Rs17 billion in wallet payments, and enabling Rs3.50 billion in lending throughput.
The planned NBFC operations are slated for launch in the fourth quarter of 2025. SLG-Trax intends to roll out Finova’s fintech software to its extensive client base, including 9,000 retail and 300 corporate e-commerce clients. The platform integrates a payment portal, lending management system, and an AI-powered credit engine designed to embed financing directly into logistics and delivery workflows. By merging digital payments and lending with operational processes, SLG-Trax aims to create a seamless financial ecosystem for its customers while enhancing operational efficiency.
Company officials highlighted that the NBFC-backed fintech initiative is expected to provide a significant boost to SLG-Trax’s e-commerce bottom line through enhanced lending spreads. In addition, acquiring Finova’s full intellectual property portfolio and potentially its operational capabilities will enable SLG-Trax to market its fintech software in international jurisdictions, opening new revenue streams and positioning the company as a competitive player in global supply chain finance solutions.
Analysts note that this strategic move aligns with the growing trend of logistics companies integrating fintech solutions to create end-to-end financial and operational ecosystems. By combining supply chain expertise with advanced digital payments and lending tools, SLG-Trax is positioning itself as a hybrid logistics-fintech operator, capable of providing innovative financial services alongside its traditional delivery and logistics offerings.
SLG-Trax’s planned acquisition also reflects Pakistan’s increasing participation in regional fintech collaborations and cross-border NBFC initiatives, indicating growing confidence in the country’s digital finance sector and regulatory framework. The initiative underscores the potential for domestic companies to leverage global partnerships to strengthen financial technology offerings and expand into new markets.
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