PostEx's Rise in Pakistan's E-commerce Landscape

PostEx, a Pakistani startup, has emerged as a vital player in the country's burgeoning e-commerce sector. PostEx addresses the key challenges faced by online merchants in Pakistan, particularly the prevalence of cash-on-delivery transactions and the lengthy settlement periods for courier companies.

• PostEx provides upfront payments to merchants against cash-on-delivery orders.
• It offers an integrated logistics service, ensuring faster and more efficient deliveries.
• PostEx has achieved a remarkable track record, with a non-performing loan rate below 0.03% since its inception.

PostEx's Growth Strategy in Pakistan

PostEx has strategically expanded its reach in Pakistan, aiming to cater to online merchants of all sizes.

• PostEx has built a robust logistics network, covering over 650 cities in Pakistan.
• The acquisition of Call Courier in 2022 significantly expanded PostEx's footprint.
• PostEx has secured partnerships with traditional banks to provide direct loans to merchants.

PostEx's Financial Performance and Growth

PostEx's growth trajectory has been impressive, driven by its unique model and effective strategies.

• PostEx achieved profitability in November 2023, just over a year after the Call Courier acquisition.
• The startup has surpassed an annual recurring revenue rate of $21 million, with 4 million monthly transactions.
• PostEx projects to exceed $25 million in annual recurring revenue by the end of 2024.

PostEx's Expansion into Saudi Arabia

PostEx is poised to enter new markets, starting with Saudi Arabia, leveraging its successful model and proven expertise.

• PostEx has secured $7.3 million in funding, led by Conjunction Capital, to fuel its expansion strategy.
• The startup plans to launch operations in Saudi Arabia within the next three months.
• PostEx is actively seeking an additional $15 million to accelerate its growth in the Saudi Arabian market.

PostEx's Vision for the Future

PostEx aims to revolutionize the e-commerce landscape in both Pakistan and Saudi Arabia, providing essential financial and logistics services to online merchants.

• PostEx is testing its platform in the UAE, seeking to expand its operations beyond Saudi Arabia.
• The startup is committed to expanding its presence in Pakistan, increasing its workforce to 9,000 by the end of 2024.
• PostEx is developing a digital payments service for online merchants in Pakistan, further streamlining transactions.