Mahaana Wealth


Mahaana Wealth offers a range of fintech services, primarily focused on digital wealth management. As the first and only licensed digital wealth manager in Pakistan, it provides digital onboarding and KYC for investment services. The company specializes in creating its own retirement funds and ETFs, with a strong emphasis on Shariah-compliant investment options. Mahaana Wealth has partnered with IGI Life Insurance to introduce a Pension Fund (Voluntary Pension Scheme), providing clients with reliable retirement planning solutions.

Industry and Regulation

Operating in the fintech industry, Mahaana Wealth is regulated by the Securities and Exchange Commission of Pakistan (SECP) as a Non-Banking Financial Company (NBFC). It is also licensed as an Asset Management Company and Investment Advisor by SECP. As a member of the Mutual Funds Association of Pakistan (MUFAP), Mahaana Wealth ensures that all funds are stored with the Central Depository Company (CDC) for safekeeping, and funds can only be withdrawn into a user's bank account to ensure financial security.

Funding and Partnerships

Mahaana Wealth has successfully raised $2.1 million in funding from venture capital firms VEF AB and SparkLabs Group, as well as from local insurer IGI Holdings. The company is backed by Mattias Martinsson, co-founder of the Swedish fund manager Tundra Fonder. In partnership with IGI Life Insurance, Mahaana Wealth has introduced a Pension Fund (Voluntary Pension Scheme) to enhance its service offerings and expand its market presence.

Locations and Team

Mahaana Wealth is based in Islamabad, Islamabad Capital Territory, Pakistan, and operates in various regions including Pakistan, South Asia, and remote locations. The company has a compact team of six dedicated members who manage operations and provide services through a digital platform. The team's remote and partly remote work model enables Mahaana Wealth to extend its services and maintain flexibility in its operations.

Historical Development

Mahaana Wealth, previously known as Dynasty Financial Advisors and Mahaana, has evolved significantly since its inception. As a participant in the Winter 2022 Y-Combinator batch, the company has consistently focused on leveraging fintech innovations to provide Shariah-compliant investment solutions. Over the years, Mahaana Wealth has cemented its position as a trusted digital wealth manager in Pakistan, aligning itself with regulatory bodies and establishing key partnerships to enhance its financial services.

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Mahaana Wealth Employees

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