Epic Angels announces investment in Pakistani fintech Oraan

Epic Angels, the largest global all-female investment collective, has announced its investment in Oraan, a Pakistani fintech that turns traditional women-led savings circles into a digital platform for saving, credit, and now gold, said a press statement.

Epic Angel did not disclose the size of the investment being made in Oraan. However, in its statement, the investor shared that WaveMaker and i2i Ventures, both returning investors, also joined the round.

According to the press statement, the funds raised in the round will be utilised to grow Oraan’s gold savings product, build out its gold inventory, and support its expansion into new markets.

Founded in 2018 by Halima Iqbal, a former investment banker, Oraan designs products and services around credit, insurance, and savings in Pakistan.

Pakistan’s fintech Oraan raises $3m

It said that in Pakistan, only 2% of women have access to credit.

“At the same time, an estimated 60 million Pakistani women already save and lend through informal savings circles, known locally as committees, moving billions of dollars a year entirely outside the formal financial system,” it said.

Oraan digitises that system. Women pool money each month and take turns receiving the full amount, giving them access to a lump sum without a credit history or a bank relationship.

In November 2025, Oraan added a gold savings product that lets users buy fractional gold with price-locked monthly instalments, and it has grown nearly 75x in its first seven months.

The fintech is also extending its technology beyond Pakistan and has signed a deal to license its savings and credit platform to a bank in the region, bringing its model to millions of customers in a new market.

“Women in Pakistan were never waiting for financial products; they were waiting for the financial system to catch up to how they already save,” said Halima Iqbal, founder and CEO of Oraan.

An interview with the co-founders of Oraan Tech Pvt. Ltd.

 “Committees/ROSCAs gave us their trust, gold gave them ownership, and now our technology is travelling to markets far beyond Pakistan. This round lets us do more of all three,” she added.

Maaike Doyer, founding and managing partner at Epic Angels, believes that access to credit for women in Pakistan isn’t really a technology problem; “it’s a trust problem, and Oraan solved it by digitising something millions of women already use and believe in, rather than trying to replace it.”

“We first backed Oraan in 2021, and we’re proud to continue supporting Halima and her team as they bring savings, credit, and now gold to more women, and we look forward to supporting their growth by leveraging our global collective of investors,” said Doyer.