Bayfikr raises £150k in pre-seed funding from SFC Capital to expand its remittance platform.
SFC Capital led the pre-seed round for the remittance startup.
Bayfikr is a London-based remittance platform that enables migrants to handle direct bill payments and remittances for their home countries. The fintech currently supports over 100 Pakistani billers and businesses.
London-based remittance startup Bayfikr has secured £150k in pre-seed funding from SFC Capital. The capital will support the company as it develops its platform for the UK to Pakistan corridor.
The startup focuses on migrant remittances, allowing users to pay bills, rent, and school fees directly rather than simply transferring cash. The platform has already onboarded over 100 Pakistani billers and plans to scale its operations.
SFC Capital led the round, citing the founding team's personal experience with the problem and the potential for global expansion beyond the initial Pakistan corridor.
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