In a remarkable achievement, Hakeem App has been nominated by the Monetary Authority of Singapore (MAS) for the 2024 Singapore FinTech Excellence Awards. Out of more than 200 entries worldwide, Hakeem made it to the top four in the Emerging FinTech Award category.
This nomination highlights Hakeem’s role in enhancing financial access in Pakistan. The app’s innovative approach to Islamic Nano-financing is set to expand globally, showcasing sustainable growth through technology.
Impact on Financial Inclusion in Pakistan
Hakeem App isn’t just another fintech solution. It’s a game-changer for underserved communities in Pakistan. By providing accessible and ethical financial services, Hakeem empowers individuals who previously lacked financial support.
Noshad Minhas, CEO & Co-Founder of Walee Financial Services, shared his excitement: “Hakeem’s nomination underscores our commitment to empowering underserved communities in Pakistan and beyond with accessible, ethical financial services.”
The Singapore FinTech Festival: A Hub for Innovation
The Singapore FinTech Festival, now in its 9th year, is a major event in the fintech calendar. This year, the FinTech Excellence Awards celebrated advancements across six categories, focusing on real-world impact and regulatory compliance.
- Categories include:
- Emerging FinTech
- Sustainable Finance
- Digital Payments
- FinTech for Good
- RegTech Innovation
- Blockchain Solutions
Finalists will gather on November 7, 2024, for the awards ceremony. It’s not just about winning; it’s also about networking with industry leaders, investors, and corporates.
MAS Leadership Commends the Finalists
Sopnendu Mohanty, Chief FinTech Officer of MAS, extended his congratulations to all finalists. He emphasized the importance of innovation in shaping a more inclusive and dynamic financial future.
“Congratulations to all the finalists announced today. Your innovations are pushing boundaries and shaping a more inclusive, dynamic future,” Mohanty stated.
Future Prospects for Hakeem App
With this nomination, Hakeem is poised for greater achievements. The recognition by MAS and PwC Singapore not only validates its current impact but also sets the stage for future expansions.
Here’s a quick look at Hakeem’s growth trajectory:
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 |
Community and Technological Innovation
Hakeem’s success is a blend of community focus and technological prowess. By leveraging mobile technology, it ensures that financial services reach those who need them most.
The app’s user-friendly interface and secure transactions make it a preferred choice for many. This balance of technology and empathy is what sets Hakeem apart in the competitive fintech landscape.
