JS Bank, foodpanda sign deal

KARACHI: JS Bank has partnered with foodpanda to provide financing to existing home chefs and restaurants of Pakistan that were on the foodpanda panel, a statement said on Friday.

It is to further the Kamyab Jawan Youth Entrepreneurship Scheme, which is a convenient financing solution aimed at assisting entrepreneurs to accomplish their dreams without worrying about the hassle of financial backing.

The signing ceremony was hosted at the JS Bank Head Office between Nafas Nauman – Product Head Social Loans for JS Bank and Binte Fatima Rizvi – Head of Partnerships and Community Home Chefs, foodpanda.

Nafas Nauman, said, “We are excited to have partnered with foodpanda to financially empower the home chefs/restaurant owners on their panel and help uplift Pakistan’s economy.”

Foodpanda CEO Nauman Sikander said, “Our partnership with JS Bank will help promote financial inclusion amongst our vendor partners, helping them in scaling their business through affordable financing. We foresee that this new alliance will have a highly beneficial long-term impact.”

Also present on the location were Afaf Mushtaq, Product Manager, Kamyab Jawan, Alina Zainab, Marketing and Communications Manager, Marium Khan, Senior Product Manager Khud Mukhtar and Naya Aghaz on behalf of JS Bank, while Momal Naved, Senior Associate Partnerships Marketing represented foodpanda.