Investech Partners, Inbox collaborate to launch Blockchain based digital platforms in Pakistan

Investech Partners is a global investment management firm, whilst Inbox is one of the largest Information technology companies in Pakistan, working to invest in and utilise innovative digital technologies based on Blockchain in Pakistan. The companies have signed a memorandum of understanding to work together and optimise Pakistan’s potential when it comes to digital technologies.

Thomas Stray - CEO Investech Partners comments: "We are excited to be partnering with Inbox, a key player in Pakistan’s technology landscape. We believe Pakistan has untapped potential as an investment location for digital platforms. With over 60 million smart phone users accessing high speed internet, the country represents a significant domestic market for new innovative digital products and services. Blockchain has significant opportunities especially in areas of financial services focused on the unbanked, education, healthcare and retail”.

Mir Nasir, CEO of Inbox asserts that:  "Our partnership with Investech Partners is part of our strategic plan to become a transformative digital platform organisation in the country and the region. We believe in harnessing partnerships with global disruptive technology companies wanting to enter Pakistan as well as promote and invest in innovative Pakistani organizations that drive our digital economy."

Furthermore, Haris Shamsi, Chief Digital Officer of Inbox recognises the need for a forward thinking approach in Pakistan.

“In the future there will be more trillion dollar tokens than trillion dollar companies and cross-border, Blockchain-based, self-sovereign identity standards will emerge for individuals, as well as physical and virtual assets. Blockchain is the future and this partnership will help in bringing purposeful digital transformation in Pakistan”. states HarisShamsi – Chief Digital Officer Inbox.

The partnership between Inbox and Investech also therefore entails startup investments in the nation, through the Fusion fund.

Khurram Hamid - Chief Marketing and Strategy Officer Investech Partners explains the purpose of this fund:

“The goal of the Fusion fund is to invest in emerging technologies in emerging markets, such as Blockchain, which can help solve Billion plus people problems, because if we can do that we can create new Billion dollar companies within the emerging markets and beyond."