# Safepay **Source:** https://geo.sig.ai/brands/safepay **Vertical:** Finance **Subcategory:** General **Tier:** Emerging **Website:** getsafepay.pk **Last Updated:** 2026-04-14 ## Summary Pakistan YC W20 first Pakistani YC fintech with State Bank PSO/PSP license; $5.5M from Stripe/Global Founders/Soma/Gobi/i2i competing for Pakistan digital payment processing as Stripe partnership positioning for Pakistan's e-commerce digital payments market. ## Company Overview Safepay is a Karachi, Pakistan-based payment processing company and Pakistan's first Y Combinator graduate fintech — backed by Y Combinator (W20) with $5.5 million in total funding from Stripe, Global Founders Capital, HOF Capital, Soma Capital, Mantis Venture Capital, Gobi Partners, i2i Ventures, Rally Cap Ventures, The Fintech Fund, ACE Ventures, and Fatima Gobi Ventures — operating as a State Bank of Pakistan-licensed Payment System Operator/Payment Service Provider (PSO/PSP) that provides Pakistani businesses with payment processing solutions for e-commerce, enabling online merchants to accept domestic and international card payments, bank transfers, and digital wallet payments. Founded in 2017, Safepay integrated with Visa's Cybersource payment gateway in 2022, establishing technical connections to Visa's global card processing infrastructure. Safepay's payment processing platform addresses Pakistan's significant digital payments development gap: Pakistan has 220+ million people and a $70B+ annual e-commerce market potential, but formal online payment infrastructure has historically been limited — international payment processors (Stripe, Braintree) have not operated in Pakistan due to regulatory constraints, most Pakistani consumers rely on cash on delivery for e-commerce, and the State Bank of Pakistan's payment system licensing requirements create barriers for new entrants without substantial compliance infrastructure. Safepay's State Bank PSO/PSP license (the core regulatory authorization for payment processing in Pakistan) enables it to operate as one of the few formally licensed payment processors serving Pakistani e-commerce merchants. The Stripe investment (Stripe is both an investor and a potential infrastructure partner) reflects the global payments giant's conviction in Pakistan's digital payments market development and Safepay's regulatory positioning. In 2025, Safepay competes in the Pakistan digital payments, e-commerce payments, and payment gateway market with EasyPaisa (Pakistan's largest mobile money platform, Telenor subsidiary), JazzCash (Jazz telecom digital wallet, $30M+ raised), and 1Link (Pakistan interbank payment switch) for Pakistani e-commerce and business digital payment processing adoption. Stripe's investor relationship positions Safepay to potentially serve as Stripe's regulated partner entity in Pakistan — similar to Stripe Atlas's model of using local regulated entities for market access. Gobi Partners' and Fatima Gobi Ventures' investments reflect Southeast Asia and Pakistan-specialist investors' conviction in Pakistan's fintech opportunity. The 2025 strategy focuses on growing the e-commerce merchant payment processing volume, expanding the international payment acceptance (enabling Pakistani businesses to accept payments from customers globally), and building the embedded finance products (merchant financing, payroll disbursement) for SME business customers. ## Frequently Asked Questions ### What is Safepay? Safepay is Pakistan's first Y Combinator graduate fintech company, operating as a regulated Payment System Operator/Provider Service Provider (PSO/PSP) licensed by the State Bank of Pakistan. Founded in 2017 and backed by Y Combinator (W20), Stripe, and other prominent investors, Safepay provides payment processing solutions for businesses in Pakistan. ### What products and services does Safepay offer? Safepay offers payment processing solutions including a digital payment gateway, mobile payments, Visa Cybersource integration, and comprehensive fintech payment solutions. The company went live with Visa's Cybersource integration in 2022. ### Who are Safepay's target customers? Safepay serves businesses in Pakistan that need payment processing and digital payment gateway solutions. The company operates in the consumer finance industry. ### When was Safepay founded? Safepay was founded in 2017. The company was part of Y Combinator's Winter 2020 (W20) batch. ### Where is Safepay located? Safepay is based in Karachi, Pakistan. ### How much funding has Safepay raised and who are their investors? Safepay has raised $5.5M in total funding from investors including Stripe, Global Founders Capital (Berlin), HOF Capital, Soma Capital, Mantis Venture Capital, Gobi Partners, i2i Ventures, Rally Cap VC, The Fintech Fund, ACE Ventures, and Fatima Gobi Ventures. ### What are Safepay's key achievements? Safepay is Pakistan's first Y Combinator graduate fintech and holds a commercial PSO/PSP license from the State Bank of Pakistan (issued April 2025). The company successfully integrated with Visa's Cybersource platform in 2022. ### What technology does Safepay use? Safepay operates with Visa's Cybersource integration, which went live in 2022. The company provides digital payment gateway technology and mobile payment solutions. ### How can I get started with Safepay? Based on the provided information, specific contact or onboarding details are not available. Safepay is a Karachi-based fintech company operating as a licensed payment service provider in Pakistan. ### What are the latest developments at Safepay? Safepay secured a commercial PSO/PSP license from the State Bank of Pakistan in April 2025 and completed $5.5M in total funding from notable investors including Stripe. The company went live with Visa's Cybersource integration in 2022. ## Tags api-first, asia-pacific, b2b, fintech, payment-processing, scaleup --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*