Pakistani startup Hakeem App has earned a major international honor, being named a finalist for the 2024 Singapore FinTech Excellence Awards. Nominated by the Monetary Authority of Singapore (MAS), the app stands out for its work in Islamic Nano-financing. This recognition places Hakeem among the top four emerging fintech companies from a pool of over 200 global entries, highlighting its significant impact on financial access in Pakistan.
A Major Recognition on the Global Stage
The nomination is a huge milestone for Hakeem App and its parent company, Walee Financial Services. Being selected as a finalist in the Emerging FinTech category at such a prestigious event underscores the app’s innovative approach and real-world success.
Noshad Minhas, the CEO & Co-Founder, expressed his excitement about the news. “Hakeem’s nomination underscores our commitment to empowering underserved communities in Pakistan and beyond with accessible, ethical financial services,” he said. This recognition from a leading financial authority like MAS validates their mission and hard work.
The app’s journey to the finals is a testament to its unique model in a competitive global market.
How Hakeem is Changing Finance in Pakistan
Hakeem App is more than just a digital tool; it is a vital service for many people in Pakistan who have been excluded from traditional banking. By focusing on ethical and accessible financial products, it directly addresses the needs of underserved communities.
The core of its service is Islamic Nano-financing, which provides small, compliant loans to individuals without access to financial support. This model empowers users by giving them the capital they need for small businesses, education, or emergencies.
Its user-friendly mobile interface and secure platform make financial services simple and trustworthy, reaching people where they are and building financial inclusion from the ground up.
The Prestigious Singapore FinTech Festival
Now in its 9th year, the Singapore FinTech Festival is a globally recognized hub for financial innovation. The FinTech Excellence Awards are a key part of the event, celebrating companies that are making a tangible difference.
The awards cover a wide range of innovations in the financial technology sector. This year’s categories highlight the industry’s most important trends:
- Emerging FinTech
- Sustainable Finance
- Digital Payments
- FinTech for Good
- RegTech Innovation
- Blockchain Solutions
Sopnendu Mohanty, the Chief FinTech Officer of MAS, praised the finalists for their contributions. “Congratulations to all the finalists announced today. Your innovations are pushing boundaries and shaping a more inclusive, dynamic future,” Mohanty stated. The final awards ceremony will be held on November 7, 2024, bringing together leaders from across the industry.
What’s Next for Hakeem App?
This nomination by MAS and PwC Singapore is a powerful endorsement that opens doors for future growth and partnerships. It puts Hakeem App on the map for international investors and collaborators, setting the stage for global expansion.
The app has shown consistent growth and strategic development since its launch. Its journey highlights a clear path of progress and impact.
| Year | Milestone |
|---|---|
| 2020 | Launched Hakeem App |
| 2021 | Expanded to three major cities |
| 2022 | Secured Series A funding |
| 2023 | Partnered with local banks |
| 2024 | Nominated for FinTech Awards |
With this international recognition, Hakeem is well-positioned to scale its operations and bring its model of ethical, technology-driven finance to new markets.
Frequently Asked Questions
What is Hakeem App?
Hakeem App is a financial technology application from Pakistan that provides Islamic Nano-financing services. It is designed to offer accessible and ethical financial support to underserved communities, promoting financial inclusion through mobile technology.
Why was Hakeem App nominated for the Singapore FinTech Excellence Awards?
Hakeem App was nominated for its innovative approach to finance and its significant real-world impact in Pakistan. The Monetary Authority of Singapore recognized it as one of the top four companies in the Emerging FinTech category out of over 200 global entries.
Who is behind Hakeem App?
Hakeem App was developed by Walee Financial Services. The company is led by CEO & Co-Founder Noshad Minhas, who is committed to using technology to provide ethical financial solutions.
What is the Singapore FinTech Festival?
The Singapore FinTech Festival is one of the largest and most important fintech events in the world. It brings together innovators, investors, and leaders to discuss the future of finance and celebrate achievements through its FinTech Excellence Awards.
