Pakistan’s
The buy now/pay later startup is expanding to the U.S. and regional markets by introducing its one-click checkout product, said Jordan Olivas, chief executive. QisstPay plans to increase its workforce by 200 to reach 350 by the end of the year to support its expansion, he said.
The company is looking to capitalize on a boom in e-commerce that accelerated during the pandemic, which drove shoppers online while many brick-and-mortar stores shuttered temporarily or even permanently in the U.S.
A competitor, Bolt Financial,
The move comes after U.S. citizen Olivas moved to Pakistan last year to start a buy now/pay later platform to emulate success at his former employer, Klarna. Pakistan, one of the world’s largest untapped markets, is seeing a startup funding
“The plan will bring hundreds of jobs to Pakistan and the goal is to become one of the first unicorns in Pakistan,” Olivas said by phone.
QisstPay has also opened an office in Bangladesh ahead of launching in the market.