ANL 12.54 Decreased By ▼ -1.01 (-7.45%)
ASC 12.70 Decreased By ▼ -0.62 (-4.65%)
ASL 13.46 Decreased By ▼ -0.56 (-3.99%)
BOP 8.38 Increased By ▲ 0.02 (0.24%)
BYCO 5.96 Decreased By ▼ -0.18 (-2.93%)
FCCL 17.08 Decreased By ▼ -0.53 (-3.01%)
FFBL 24.05 Decreased By ▼ -0.85 (-3.41%)
FFL 9.97 Decreased By ▼ -0.28 (-2.73%)
FNEL 9.25 Decreased By ▼ -0.55 (-5.61%)
GGGL 14.00 Decreased By ▼ -1.30 (-8.5%)
GGL 27.05 Decreased By ▼ -2.45 (-8.31%)
HUMNL 5.73 Decreased By ▼ -0.17 (-2.88%)
JSCL 15.00 Decreased By ▼ -1.00 (-6.25%)
KAPCO 31.60 Decreased By ▼ -0.45 (-1.4%)
KEL 3.22 Increased By ▲ 0.05 (1.58%)
MDTL 2.09 Decreased By ▼ -0.12 (-5.43%)
MLCF 32.75 Decreased By ▼ -1.64 (-4.77%)
NETSOL 90.21 Decreased By ▼ -5.29 (-5.54%)
PACE 4.10 Decreased By ▼ -0.15 (-3.53%)
PAEL 20.51 Decreased By ▼ -0.92 (-4.29%)
PIBTL 7.25 Decreased By ▼ -0.35 (-4.61%)
POWER 6.39 Decreased By ▼ -0.21 (-3.18%)
PRL 11.95 Decreased By ▼ -0.74 (-5.83%)
PTC 8.80 Increased By ▲ 0.05 (0.57%)
SILK 1.17 Decreased By ▼ -0.08 (-6.4%)
SNGP 37.70 Decreased By ▼ -0.98 (-2.53%)
TELE 14.85 Decreased By ▼ -1.03 (-6.49%)
TRG 77.68 Decreased By ▼ -4.05 (-4.96%)
UNITY 22.90 Decreased By ▼ -0.80 (-3.38%)
WTL 2.03 Decreased By ▼ -0.02 (-0.98%)
BR100 4,381 Decreased By ▼ -20.35 (-0.46%)
BR30 16,863 Decreased By ▼ -630.48 (-3.6%)
KSE100 43,233 Decreased By ▼ -1.32 (-0%)
KSE30 16,718 Increased By ▲ 20.28 (0.12%)

Coronavirus
LOW Source: covid.gov.pk
Pakistan Deaths
28,767
624hr
Pakistan Cases
1,286,825
37224hr
0.82% positivity
Sindh
476,674
Punjab
443,453
Balochistan
33,506
Islamabad
107,887
KPK
180,316

ISLAMABAD: Telenor Pakistan’s digital accelerator programme, Telenor Velocity is excited to announce the startups for its much anticipated 7th cohort, this time in partnership with Telenor Microfinance Bank / Easypaisa.

The startups were welcomed onboard in a virtual orientation session, with keynote addresses by Irfan Wahab Khan, CEO Telenor Pakistan and M. Mudassar Aqil, CEO Telenor Microfinance Bank / Easypaisa. Designed to foster an environment of innovation and collaboration, Telenor Velocity enables Pakistan’s tech-startups to break new ground in digital product and service offerings, and to scale to great heights with the support of Telenor Pakistan’s extensive digital resources.

Launched in 2016, the accelerator has to date conducted 6 cohorts, with 32 graduated startups, 4+ pilot runs and $40,000 pilot investment. Moreover, $3 million investment has been raised, so far, by the programme’s startups. This year, Telenor Velocity has collaborated with the recently launched Easypaisa Open API Gateway, marking another step towards digital enablement through technology. Easypaisa’s Open API Developer Portal which is now live allows for seamless third party integration, enabling partners to integrate 30+ digital payments use cases and also testing the processes in a sandbox environment.

Telenor Velocity’s 7th Cohort received 70+ applications from mature startup business, out of which 24 startups were short listed for the interview rounds. After 4 days of vigorous startup interviews judged by a panel of internal experts from Telenor Pakistan & Telenor Microfinance Bank, 7 startups were chosen for this cohort. The cohort was formed keeping in mind the industries and verticals which need to be amplified in today’s world. The startups work in the areas of Fin-tech, Ed-tech, Agri-tech, Health-tech, and Inclusion. The 7 startups that have been selected for this year’s cohort are Up-trade, Good-Earth, Digi Khata, Foree, Ola Doc, Sehat Kahani, and DeafTawk.

During his keynote address, welcoming this year’s cohort, CEO Telenor Pakistan, Irfan Wahab Khan stated, “This year’s Velocity Cohort is designed with the purpose of co-creating digital solutions for sustainable development, with a focus on promoting inclusion and bridging divides. I am extremely proud of the incredible work each of these 7 startups is doing and consider it our responsibility to empower them on their journey.” He further added, “Telenor Pakistan is committed to playing its part in enabling the country’s youth to achieve the common goal of a robust, equitable digital society.”

CEO Telenor Microfinance Bank / Easypaisa, M. Mudassar Aqil stated on the occasion, “It gives us immense pleasure to work with Telenor Velocity to equip today’s young change-makers with the tools needed to redefine ‘inclusion’ on a nation-wide scale. We have always believed that startups form the innovative backbone of progressive economies and can potentially usher in a new era of digitization and development across several domains. Moreover, this cohort will also be able to access the recently launched Easypaisa Open API Gateway which is another step towards digital enablement through the power of technology. This gateway will enable startups to empower Pakistanis to dream, believe, and achieve more than ever before”.

The Telenor Velocity program offers startups equity-free support for 4 months. Along with having access to Telenor Pakistan’s 48 million customers and My Telenor App’s 8 million users, the startups will also be supported in SMS marketing campaigns, will receive coaching from domain experts, and have access to state-of-the-art data analytics / customer insights. They will also be able to reach the organization’s agri portfolio of 7 million farmers. Moreover, the 7 startups will have access to Telenor Pakistan’s APIs and for the first time ever, they will enjoy unprecedented access to the recently launched Easypaisa Open API Gateway.—PR

Copyright Business Recorder, 2021

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.