{"id":5427,"date":"2020-06-28T23:59:30","date_gmt":"2020-06-28T18:59:30","guid":{"rendered":"https:\/\/smartchoice.pk\/blog\/?p=5427"},"modified":"2020-07-14T13:42:38","modified_gmt":"2020-07-14T08:42:38","slug":"pakistani-financial-comparison-platform-smartchoice-raises-100000-from-oman-technology-funds-wadi-accelerator","status":"publish","type":"post","link":"https:\/\/smartchoice.pk\/blog\/2020\/06\/pakistani-financial-comparison-platform-smartchoice-raises-100000-from-oman-technology-funds-wadi-accelerator\/","title":{"rendered":"Pakistani financial comparison platform Smartchoice raises $100,000 from Oman Technology Fund\u2019s Wadi Accelerator"},"content":{"rendered":"<div class=\"fb-quote fb_iframe_widget\"><\/div>\n<p>Karachi-based financial comparison platform Smartchoice has raised $100,000 from Muscat-based Oman Technology Fund\u2019s Wadi Accelerator. The startup received the investment after graduating from Wadi\u2019s ten-week accelerator program that took place in Muscat &amp; London.<\/p>\n<p>Founded by Sibtain Jiwani, <a href=\"http:\/\/www.smartchoice.pk\/\" target=\"_blank\" rel=\"noopener noreferrer\">Smartchoice<\/a> enables users to compare different financial products including credit cards, loans, insurance policies, and even broadband internet packages to help them make informed decisions and save money. The platform also allows users to buy health and travel insurance online.<\/p>\n<p>Sibtain Jiwani, the founder and CEO of Smartchoice tells <em>MENAbytes<\/em> that the platform is being used by over 70,000 people every month and has helped people save over $100,000 in insurance premium in the last eighteen months.<\/p>\n<p>Smartchoice is currently working with 15 financial institutions in the country including banks and insurance companies and features about 100 different products on its website.<\/p>\n<p>Speaking about how they plan to use the investment, Sibtain adds, \u201cOur focus is entirely on scaling the business and that is why we are investing heavily on tech to automate policy issuance. We want to enable users to get insurance policy for anything including health and term life online without having to go to an agent or an insurance company\u2019s office. Additionally introducing our services to consumers looking for such products digitally is key as it is still not common in Pakistan\u2019s ecommerce sector.\u201d<\/p>\n<p>Charles Ludwig, Investment Manager with Oman Technology Fund, speaking to\u00a0<em>MENAbytes, <\/em>said, \u201cWe firmly believe that the average consumer commands much higher level of information and convenience than what is currently offered in Pakistan and the GCC when it comes to selecting financial products. Smartchoice secured investment from our fund through an unforgiving and rigorous process. A combination of the founders\u2019 grit and business nous and the market opportunity that Smartchoice affords are the reasons why they belong in Wadi\u2019s portfolio. We are very optimistic of Smartchoice\u2019s potential.\u201d<\/p>\n<p>Smartchoice\u00a0also aims to increase financial literacy among the masses in Pakistan through different initiatives with the first one being Rupee Wise, a video series that shares information and tips to reduce complexity around financial products.<\/p>\n<p>\u201cWe are a business with a cause to help people make quality financial decisions and believe this is initiative is a step towards that,\u201d said Sibtain about the initiative.<\/p>\n<p>The startup that\u2019s graduate of one of country\u2019s leading incubators, Nest I\/O, currently employs 15 people in Karachi including Head of Technology Hunain Kapadia, an Insead\u00a0alumnus who has previously worked with different startups in the United States and Singapore, and Head of Business Umair Ahmed Baig, a banking veteran with over ten years of experience in the industry.<\/p>\n<p>Via: Menabytes (https:\/\/www.menabytes.com\/smartchoice-wadi\/)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi-based financial comparison platform Smartchoice has raised $100,000 from Muscat-based Oman Technology Fund\u2019s Wadi Accelerator. The startup received the investment [&hellip;]<\/p>\n","protected":false},"author":34,"featured_media":5563,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[1421],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Pakistani financial comparison platform Smartchoice raises $100,000 from Oman Technology Fund\u2019s Wadi Accelerator - Smartchoice.pk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/smartchoice.pk\/blog\/2020\/06\/pakistani-financial-comparison-platform-smartchoice-raises-100000-from-oman-technology-funds-wadi-accelerator\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pakistani financial comparison platform Smartchoice raises $100,000 from Oman Technology Fund\u2019s Wadi Accelerator - Smartchoice.pk\" \/>\n<meta property=\"og:description\" content=\"Karachi-based financial comparison platform Smartchoice has raised $100,000 from Muscat-based Oman Technology Fund\u2019s Wadi Accelerator. The startup received the investment [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/smartchoice.pk\/blog\/2020\/06\/pakistani-financial-comparison-platform-smartchoice-raises-100000-from-oman-technology-funds-wadi-accelerator\/\" \/>\n<meta property=\"og:site_name\" content=\"Smartchoice.pk\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/smartchoice.pk\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-06-28T18:59:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-14T08:42:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/smartchoice.pk\/blog\/wp-content\/uploads\/2020\/06\/menabytes.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"790\" \/>\n\t<meta property=\"og:image:height\" content=\"439\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Khurram Zahid\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@smartchoicepk\" \/>\n<meta name=\"twitter:site\" content=\"@smartchoicepk\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Khurram Zahid\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/smartchoice.pk\/blog\/2020\/06\/pakistani-financial-comparison-platform-smartchoice-raises-100000-from-oman-technology-funds-wadi-accelerator\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/smartchoice.pk\/blog\/2020\/06\/pakistani-financial-comparison-platform-smartchoice-raises-100000-from-oman-technology-funds-wadi-accelerator\/\"},\"author\":{\"name\":\"Khurram Zahid\",\"@id\":\"https:\/\/smartchoice.pk\/blog\/#\/schema\/person\/34eb4df2f66e210be36fb86fa1d3ea9a\"},\"headline\":\"Pakistani financial comparison platform Smartchoice raises $100,000 from Oman Technology Fund\u2019s Wadi Accelerator\",\"datePublished\":\"2020-06-28T18:59:30+00:00\",\"dateModified\":\"2020-07-14T08:42:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/smartchoice.pk\/blog\/2020\/06\/pakistani-financial-comparison-platform-smartchoice-raises-100000-from-oman-technology-funds-wadi-accelerator\/\"},\"wordCount\":460,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/smartchoice.pk\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/smartchoice.pk\/blog\/2020\/06\/pakistani-financial-comparison-platform-smartchoice-raises-100000-from-oman-technology-funds-wadi-accelerator\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/smartchoice.pk\/blog\/wp-content\/uploads\/2020\/06\/menabytes.jpg\",\"articleSection\":[\"featured\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/smartchoice.pk\/blog\/2020\/06\/pakistani-financial-comparison-platform-smartchoice-raises-100000-from-oman-technology-funds-wadi-accelerator\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/smartchoice.pk\/blog\/2020\/06\/pakistani-financial-comparison-platform-smartchoice-raises-100000-from-oman-technology-funds-wadi-accelerator\/\",\"url\":\"https:\/\/smartchoice.pk\/blog\/2020\/06\/pakistani-financial-comparison-platform-smartchoice-raises-100000-from-oman-technology-funds-wadi-accelerator\/\",\"name\":\"Pakistani financial comparison platform Smartchoice raises $100,000 from Oman Technology Fund\u2019s Wadi Accelerator - 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