Type Private Number of employees 6-10 Motto Smart Bano, Compare Karo | Industry Personal finance Headquarters Karachi Founded 2015 | |
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Key people Sumair Farooqi (CEO & Founder) Ali Ladhubhai (Co-Founder) Products Personal Finance Comparison Website www.karlocompare.com.pk | ||
KarloCompare.com.pk is a web application that helps Pakistani consumers compare, apply or buy personal finance products such as credit cards, personal/auto loans, and insurance products. KarloCompare is operated under CompareOn Pakistan Private Limited, which was founded in 2015 by two ex-bankers of Pakistani origin.
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Background
KarloCompare.com.pk was launched by Sumair Farooqui and Ali Ladhubhai, ex bankers who previously worked at United Bank Limited (UBL) and HSBC respectively. Prior to which, Sumair Farooqui was the VP and Unit lead for the Wealth Management and Investment Products line of business at UBL, and Ali Ladhubhai was at HSBC in branch banking leading the main branch operations.
Farooqui left UBL to help a leading international personal finance comparison operator from Asia setup their business for the Pakistani market, unfortunately the international operator chose not to pursue the market opportunity at last moment due to a shift in overall strategy. Upon the international comparison platform exiting Pakistan, Farooqui choose to continue the opportunity on his own.
Ladhubhai, had left HSBC subsequent to its acquisition by Mezaan Bank Limited to setup a travel aggregation platform for the Pakistani market.
The two had known each other previously, and chose to team up to launch the personal comparison platform together.
Product and Services
Karlocompare is a web and mobile application that simplifies the purchasing journey pertinent to financial products. The platform enables consumers to compare the entire market across various personal finance product categories through its comparison tools and listings. Consumers are able to make informed decisions regarding products such as credit cards, personal/auto loans and travel/auto insurance free of cost.
Pakistani consumers are empowered through the platforms listing and learning center. The company has dedicated its efforts to help Pakistani consumers save time and money when it comes to buying personal finance services available to them.