About this Round

Fintech Disrupt Challange 2022 is aimed at enabling access to financial services for the low-income and underserved segment of Pakistan through the use of modern technology and innovative solutions customized to the needs of the underserved and less literate segments of society.


Must view term sheet before you apply – Last Date to Apply : 8th Jan 2022

Target Segments

  • Lower income economically active segment
  • Less literate segments of the society
  • Financially excluded women

Who can Apply

If you are a startup or a financial services player who desires to bring impact through novel idea and solutions in any of the following areas.

View Details About Thematic Areas

Opportunity Size

Over 70% of the economically active population of Pakistan belong to the lower and fledging middle class, with a household income of less than fifty thousand a month. This presents a huge opportunity for businesses to capture this low-income underserved market by building commercially viable and scalable solutions

Key Dates


Application Open


Application Close


Shortlisting Complete


Pitch Event


Agreements Signing


Must view term sheet before you apply.


The ultimate objective of FDC 2022 is to enhance financial inclusion of low income segments, this would be achieved by supporting fintechs and financial institutions who can come up with novel and innovative solutions to solve the problems that are hampering the financial inclusion of low income and underserved segments.

If you are an early-stage fintech or a financial services institution with an innovative idea or a solution, you can apply. The solution can be B2C (business-to-consumer), B2B (business-to-business) or B2B2C (business to business to consumer)  in credit, insurance, payments & remittances, savings & personal financial management, or infrastructure addressing challenges of underserved segments.

You need to submit the complete application at https://gust.com/programs/fintech-disrupt-challenge-2022 before the deadline i.e. January 8th 2022.

The shortlisting criteria is based on Innovativeness, Inclusivity, Scale Potential and Impact & Team Capability of the  founding/executive team. You may read more about it in the term sheet.

Upto two winners will be selected for the grant round.

Upto PKR 25 Million grant would be given to the selected winners subjected to idea stage, product roadmap and growth milestones.

Being in an idea phase is fine as long as you have a well-researched business model along with a strong team where co-founders complement each other’s strengths. They are both pre-requisites in order to qualify.

No, individual or single founder owner start-ups are not eligible for the challenge round, either you need to have a team in place or a co-founder who shares your vision..

Karandaaz Pakistan expects all winners to be working full time on their proposed startups. So the commitment is to the startup business, not Karandaaz Pakistan. You will, however, need to commit to meeting or exceeding all mutually agreed upon growth milestones to qualify for fund tranches. Milestones will be developed assuming you are 100% committed to your venture.

For any questions, write us at fintech@karandaaz.com.pk