Singapore-based impact investor Insitor Partners has announced a $2 million investment in GoldFin Limited Pakistan, a company focused on gold-backed lending.

GoldFin, led by a team of experienced bankers, aims to become the leading provider of GBL services in Pakistan. With a license for a non-banking finance company (NBFC) pending, GoldFin plans to build its own loan portfolio while also partnering with established financial institutions interested in GBL solutions.

Insitor’s investment will fuel GoldFin’s expansion plans and support the development of innovative solutions for collateral assessment and safekeeping.

“We believe our investment in GoldFin will create an ecosystem that unlocks financial liquidity for underbanked populations, particularly women,” said Hammad Umer, Insitor’s Pakistan Country Manager. “We’re committed to supporting GoldFin’s mission of improving access to credit in Pakistan.”

Nadeem Hussain, Chairman of GoldFin, expressed his appreciation for Insitor’s investment and commitment to impactful ventures in Pakistan. “Our focus remains on building a customer-centric institution that leverages digital technology to integrate culturally driven savings practices into the national economy,” he said.