Secure Logisitcs acquires FinTech software

Secure Logistics – Trax Group Limited (SLG-Trax), a Pakistani logistics company, has signed an agreement to acquire the intellectual property (IP) of a FinTech software platform from Finova Technologies, paving the way for digital lending facilities of up to Rs500 million, the company said on Tuesday.

SLGL, an Islamabad-based company, in its notice to the Pakistan Stock Exchange (PSX), said that the development came after the company added the FinTech category to its subsidiary LogiServe (Private) Limited existing Special Technology Zones Authority (STZA) license following the issuance of a Non-Banking Financial Company (NBFC) license to LogiServe.

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“This has resulted in the execution of a binding head of terms. In parallel, the company is working closely with multiple financial institutions to arrange substantial digital lending facilities.”

It added that the SLGL was working closely with multiple financial institutions to arrange substantial digital lending facilities.

As part of a pilot project initiated in February 2025, the company has already deployed Rs75 million with its e-commerce merchants, achieving a throughput of approximately Rs4.5 billion to date, the notice to the bourse said.

“The acquisition of the FinTech software IP, together with the arrangement of digital lending facilities of up to Rs500 million, is expected to be completed by the end of February 2026.

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This initiative is anticipated to support the expansion of SLG-Trax’s e-commerce business line while introducing a sixth income stream of digital lending in addition to logistics, e-Commerce, warehousing, IoT, and security services.“

The company said the introduction of digital wallet services and the deployment of incremental capital through NBFC operations for SLG-Trax’s e-commerce merchants are “expected to have a material positive impact” on its financial results for FY 2026.

Earlier, the Asian Development Bank (ADB), in its latest report “Unlocking the potential of fintech in Central Asia,” stated that Pakistan can leverage fintech to expand financial inclusion and drive economic growth, but only if fiscal bottlenecks—particularly tax complexity and compliance costs—are addressed alongside regulatory and capacity challenges.

ADB pointed out that Pakistan lags behind several regional peers on key fintech indicators and warns that internal capacity constraints could continue to limit progress.