Walee Financial Services is proud to announce that the Securities and Exchange Commission of Pakistan (SECP) has granted it the Non-Banking Financial Company (NBFC) Investment Financial Services (IFS) licence. This significant achievement solidifies Walee Financial Services as a licensed provider of innovative financial solutions, allowing it to operate under SECP’s regulatory framework.
The licence, License No. SECP/LRD/119/WFSPL/2022-16, authorises Walee Financial Services to offer a diverse range of financial services, including:
- Digital Nano Financing – Providing quick access to small-scale loans for individuals.
- Buy Now, Pay Later (BNPL) – Offering customers the flexibility to make purchases and pay later in instalments.
- Earned Wage Access – Enabling employees to access their earned wages ahead of payday to manage financial needs.
- Invoice Factoring – Facilitating businesses with cash flow by unlocking the value of unpaid invoices.
SECP’s Proactive Efforts in Regulating the Market
Walee Financial Services applauds SECP’s proactive stance in eliminating unregulated and exploitative lending practices, ensuring a transparent and accountable financial ecosystem. Through such regulatory efforts, SECP has paved the way for legitimate financial service providers like Walee Financial Services to operate with integrity and consumer trust.
Advancing Financial Inclusion Through Technology
With this licence, Walee Financial Services will continue leveraging technology to deliver ethical, reliable, and efficient financial solutions. The company aims to bridge financial gaps through a digital-first approach, focusing on meeting the evolving needs of individuals and enterprises across Pakistan.
The NBFC licence marks a significant step in Walee Financial Services’ journey toward building a trusted financial ecosystem. As the company expands its product offerings, it remains committed to serving the financial needs of underserved communities and businesses, driving positive change in Pakistan’s financial landscape.
