Neem, a leading embedded finance platform in Pakistan, has secured an additional $4 million credit facility from South Africa-based DNI Group, a global investment firm with operations in 32 countries.

This investment marks the second partnership between Neem and DNI Group, following a $1 million strategic investment in June 2023. The credit facility will enable Neem to expand its earned wage access solution, Paymenow, across Pakistan.

Paymenow offers a Shariah-compliant alternative to traditional financial tools, allowing employees to access up to 50% of their salary when needed. This debt-free service bridges financial gaps before payday, addressing the financial pressure faced by Pakistan’s 60 million employed workforce.

“We’re thrilled to back Neem in scaling this unique solution that directly benefits people,” said Ziyaad Manie, Chief Strategy Officer of DNI Group.

Naeem Zamindar, co-founder of Neem, noted, 

“This partnership showcases DNI Group’s confidence in our team’s execution capabilities and shared vision of empowering financial wellness for businesses and people in Pakistan.”

The investment signals renewed confidence of foreign investors in Pakistan’s market, amid a slowdown in investment flows over the past year.