LCE-Annual Publication - Flipbook - Page 9
Page Number: 09
KALPAY:
Making Credit Accessible to All
Launched in 2021, KalPay has grown into Pakistan’s largest Shariah-aligned 昀椀ntech solution
provider, o昀昀ering Buy Now Pay Later services across hundreds of e-commerce merchants. With
its innovative model, customers can purchase products and services immediately and pay in easy
monthly installments without interest or hidden charges. Expanding beyond e-commerce, KalPay
has introduced verticals such as KalPay Rasayi and KalPay Taleem, enabling users to buy productive
assets and pay education fees in installments.
Shershah Hassan, CEO & Founder, Kalpay shares,
“ We started KalPay so that individuals can
access products and services with easy and convenient installments. We began our journey at
LCE with just one team member, and today we are a 25-member team that has catered to over
100,000 users and facilitated access to products and services worth over one billion rupees. LCE
has supported us from day one - the networking opportunities and access to investors provided by
the Centre helped us raise funds locally and internationally. Moving forward, our vision is to provide
昀椀nancial literacy and easy loans to every household in Pakistan, ensuring access to essentials from
”
education to digital assets such as mobile phones, laptops etc.
AYECO:
Empowering Independence Through Innovation
Born out of empathy and engineering ingenuity, Ayub Yaqub Engineering Company (Ayeco) is
rede昀椀ning mobility for people with disabilities in Pakistan and beyond. Ayeco’s journey began with
a deeply personal mission, to help the Founder’s grandmother regain independence after a pelvic
bone injury. What started as a university project soon evolved into Pakistan’s 昀椀rst voice-operated
wheelchair, setting a new benchmark for assistive technology in the country.
“ I applied to the LCE Incubation Programme soon after graduating and got selected. As an
engineer, I had little idea about business development, but LCE’s trainings helped me grow into
an entrepreneur,” shares Faez Ayub, Founder and CEO of Ayeco. “LCE gave us the foundation to
patent our voice-enabled wheelchair and build multiple assistive products for the di昀昀erently abled
community. The Makers Lab, in particular, played a crucial role in our growth. It’s one of the few labs
in Pakistan that o昀昀ers comprehensive tools, expertise, and manufacturing facilities under one roof;
”
everything you need to iterate and bring an idea to life.
Today, after nearly a decade of innovation, Ayeco stands as a market leader in Pakistan’s assistive
technology sector, o昀昀ering a wide range of electric wheelchairs and mobility solutions that are now
being sold both locally and internationally.
