Who We Are?

Karandaaz Pakistan is a not-for-profit development finance company established in 2014 and registered with the Securities and Exchange Commission of Pakistan (SECP). The organization promotes access to finance for small businesses through commercially directed investments, and financial inclusion for individuals by employing technology-enabled digital solutions. It operates through three program verticals:

Karandaaz Capital

Invests growth capital in small and medium size enterprises (SMEs) with the twin objectives of generating financial returns for Karandaaz and supporting broad-based employment generation in Pakistan.

Karandaaz Digital

Focuses on expanding access to digital financial services in Pakistan by working across the ecosystem with all stakeholders including regulators, policymakers, government departments, businesses, researchers and academics.

Knowledge Management and Communications

Develops and disseminates evidence-based insights and solutions to inform the core themes of the organization, including innovation, women entrepreneurship and youth, and to influence the financial ecosystem to promote financial inclusion in Pakistan. Karandaaz has received generous funding from the United Kingdom Department for International Development (UKAid) and the Bill & Melinda Gates Foundation. It is sponsored and governed by eminent Pakistanis, and is managed by an experienced team with core expertise in national and international investment management, digital finance and research and advocacy.

Board of Directors

Navid Goraya

Chief Investment Officer, Karandaaz Capital.

Navid Goraya brings with himself over 25 years of global experience in asset management, investment strategy, product development and corporate finance. Before joining Karandaaz as the CIO, he was leading a Strategic Advisory Firm, White Oak Advisors Inc, in New York where he was involved in serving private equity funds, family offices, banks and insurance companies in support of global investments in the US, Middle East, South East Asia and South Asia...


Syed Hassan Ali

Principal Investments, Karandaaz Capital.

Hassan looks after Principal Investment in the Karandaaz Capital Team. Hassan is an investment professional with more than 13 years of extensive experience on buy-side M&A, Business Valuation, Financial Modeling, Due Diligence across various sectors including Banking, Healthcare, Education and Real Estate and has been involved in deployment of capital in excess of US$ 3 billion over his career...