[Karachi, October 16, 2024]: BuyPass.ai, a stealth startup reimagining the eCommerce
space across the GCC & Asia region, has successfully closed an angel funding round to
kickstart its operations. The venture has been founded by ex-OLX (Prosus) and Daraz
(Alibaba International Digital Commerce Group) executive Muhammad Ammar Hassan. He
will be bringing his decade-long experience and insights of launching and scaling C2C and
B2C eCommerce platforms across multiple markets to address the gaps he has identified in
traditional commerce and eCommerce during his professional journey.
The angel round was co-led and facilitated by prominent UAE-based Pakistani entrepreneur
Umair Masoom who holds a track record of raising $30 million + from renowned VCs across
the US, EU and GCC. Umair will be working closely with Ammar as a Founder Partner &
Board Member for BuyPass, allocating his time and expertise to the international growth &
capital strategy for BuyPass.
BuyPass is committed to digitizing offline commerce in the shopping and services sector
using its proprietary technology. BuyPass aims to become a digital superapp that provides
software and AI tools for users in a single app. By harnessing state-of-the-art technology and
local operations, we aim to create a product-led company with the engineering capability to
solve people's problems by merging the online and offline worlds through technology and
operations.
“We are thrilled to have secured the funding to kick off our journey and are thrilled to have
the right strategic backers in place,” said Ammar Hassan, Founder & CEO at BuyPass.
“Their expertise and guidance will be invaluable as we continue to grow and scale our
business.”
Commenting on the launch of BuyPass, Umair Masoom said; “Ammar is one of the most
exceptional young business leaders I have come across in my professional journey. I am
confident that the business model of BuyPass is going to disrupt the current digital
commerce and application layer landscape in our core markets.”
The seed funding will be used to develop the product and technology supporting BuyPass,
as well as to establish the company's commercial infrastructure. BuyPass is currently in
stealth mode, but it plans to reveal its products and services to end consumers in June 2025.
About BuyPass
BuyPass aims to solve the daily day technology & shopping of products/services needs of
consumers for making them equipped to do more in life.
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