Karandaaz FinTech Disrupt Challenge – 2018


Karandaaz FinTech Disrupt Challenge (FDC) – 2018 aims to harness the most innovative ideas from the financial technology space and transform them into scalable solutions.


Krandaaz FDC – 2018 aims to actively involve all the stakeholder working in the start-up and financial services eco-system to build and strengthen a pipeline of FinTechs in Pakistan.

Start-ups are encouraged to apply in one of the following five thematic areas:

View details about thematic areas.

Key Dates


Application Live


Application Deadline

May 20th – June 20th

Shortlisting Applicants


Acceleration Program Begins


Pitch Day


Must view term sheet before you apply.



Karandaaz Pakistan has announced its third round of Fintech Disrupt Challenge 2018 in partnership with Fintech Factory and National Incubation Centre Lahore. This challenge round is for technology based start-ups to provide innovative financial solutions leading to an increase in national financial inclusion.

Any technology start-up based in Pakistan with a focus on innovative financial services. For eligibility requirements, please refer to the term sheet.

The team should comprise of more than one member including the founder/owner. Single owner/founder start-ups are not eligible. For further eligibility requirement please see the term sheet given on the website.

You can register by applying on the following link: https://gust.com/programs/karandaaz-fintech-disrupt-challenge-2018. The deadline to apply is May 15th , 2018

The shortlisted applicants will be reached out by each incubator and will be going through their respective selection process. Fintech Factory will conduct a 2 day IDEATHON to filter the most eligible applications whereas NIC Lahore will hold management interviews and presentations. The selection process will be communicated to the shortlisted candidate after the deadline.

No, Karandaaz Pakistan will only be giving out grants.

Enrolling in the acceleration program is not mandatory for every applicant however we do encourage it. Acceleration program will allow the applicants to come up with a minimum viable product which will be presented on the final pitch day. However, those applicants who do not wish to be enrolled in the acceleration program can also apply and if selected can pitch their product on the pitch day.

Being in an idea phase is fine as long as you have a well-researched and strong business model along with strong team where co-founders complement each other’s’ strengths. They are both pre-requisites in order to qualify. However we strongly recommend such start-ups to get enrolled in the acceleration program.

No, Individual or single founder owner start-ups are not eligible for the challenge round.

No but our acceleration partner will have an equity in the business. Details of the equity will only be shared by each accelerator subject to selection.

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.