Pakistan has 401K style schemes for retirement but only 0.02% people have retirement accounts. Previously unallowed, Digital onboarding & KYC was adopted by the regulator in late 2021.
Mahaana Wealth is a Y Combinator company in the Winter 2022 batch. Its directory entry describes it as: Mahaana is first & only licensed digital wealth manager in Pakistan. The founder listed is Muhammad Shamoon Tariq (Founder) (Y Combinator directory entry, March 26, 2022).
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New accelerator entry · 2022-03-26 · the record
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Pakistan has 401K style schemes for retirement but only 0.02% people have retirement accounts. Previously unallowed, Digital onboarding & KYC was adopted by the regulator in late 2021. We are the first & only licensed digital investment advisor and looking to take advantage of this regulatory tailwind. We are now licensed to create our own retirement funds & ETFs just like Vanguard
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