# Mahaana

> Mahaana is Pakistan's first licensed digital wealth manager, a Y Combinator (W22) backed fintech that lets anyone start investing from PKR 1,000 in about ten minutes with no paperwork. Regulated by the SECP as a Non-Banking Financial Company, it offers Shariah-compliant savings, money-market funds, an index ETF and retirement plans through a mobile-first, robo-advisory platform aimed at onboarding Pakistan's largely unbanked, non-investing population.

- **Founded:** 2021
- **Headquarters:** Karachi, Pakistan
- **Founders:** Muhammad Shamoon Tariq (Founder & CEO)
- **Team size:** 25-30 employees
- **Products:** Mahaana Save+, Mahaana Islamic Cash Fund (MICF), Mahaana Islamic Index ETF (MIIETF), Mahaana Retirement (MIIRF), Mahaana Invest
- **Notable:** First and only licensed digital wealth manager / Digital AMC in Pakistan, Launched Pakistan's first fund under the SECP's Digital AMC framework (MICF), Backed by Y Combinator in the Winter 2022 batch

## Products & services

- **Mahaana Save+** — A digital savings product that invests deposits into the Mahaana Islamic Cash Fund, offering Shariah-compliant daily returns with anytime withdrawal and a PKR 1,000 minimum.
- **Mahaana Islamic Cash Fund (MICF)** — A low-risk, liquid money-market fund investing in Shariah-compliant instruments such as corporate and government sukuks and bank placements, launched under SECP's Digital AMC framework.
- **Mahaana Islamic Index ETF (MIIETF)** — An exchange-traded fund listed on the Pakistan Stock Exchange tracking the top 30 Shariah-compliant companies in Pakistan.
- **Mahaana Retirement (MIIRF)** — A Shariah-compliant pension plan offered with IGI Life, providing up to 20% tax savings, Takaful coverage, and automated investment management.
- **Mahaana Invest** — Personalized, automated portfolio investing product (announced/coming soon).

## Achievements

- First and only licensed digital wealth manager / Digital AMC in Pakistan
- Launched Pakistan's first fund under the SECP's Digital AMC framework (MICF)
- Backed by Y Combinator in the Winter 2022 batch
- Closed a $2.1M pre-seed round with international and local strategic investors
- Member of the Mutual Funds Association of Pakistan (MUFAP)
- Enabled account opening and investing in about 10 minutes with a PKR 1,000 minimum

## Latest updates

- **2022-01** — Selected for Y Combinator's Winter 2022 batch.
- **2022-08** — Announced $2.1M pre-seed round led by VEF, SparkLabs and IGI.
- **2023-03** — Launched the Mahaana Islamic Cash Fund, the first fund under SECP's Digital AMC framework.
- **2024-01** — Rolled out Mahaana Islamic Index ETF and Shariah-compliant retirement plans with IGI Life.
- **2025-01** — Expanded the mobile app (iOS and Android) and teased Mahaana Invest for personalized portfolios.

## Links

- Website: https://mahaana.com
- LinkedIn: https://www.linkedin.com/company/mahaana
- Twitter/X: https://twitter.com/MahaanaWealth
- Instagram: https://www.instagram.com/mahaanawealth
- Facebook: https://www.facebook.com/mahaanawealth

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Profile page: https://yespress.io/mahaana-yc-w22
Published by YesPress — https://yespress.io
Last updated: 2026-07-30