Dear friends, partners, and Neem family,

We are thrilled to share an exciting milestone with you — the announcement of our strategic investment partnership with DNI Group, a prominent investment firm operating across 28 countries. This partnership involves a substantial investment by the DNI Group into Neem and fosters synergies in the broader financial wellness space.

This partnership is a strong signal of the rising importance of the embedded finance model as well as the growing Pakistani digital tech ecosystem.

At Neem, we are building a Banking-as-a-Service platform with a vision to enable financial wellness for underserved communities. Our business empowers hundreds of digital platforms in various industries to provide their customers with comprehensive embedded finance products through secure and easy API-based integrations.

Our core belief in financial wellness centres around the idea that businesses and individuals can take control of their financial lives with the right tools and access. This belief is further strengthened by our collaboration with DNI Group's portfolio companies, such as Airvantage for airtime lending and Paymenow for earned wage access solutions.

Since our inception, it has been our clear objective to build Neem for Pakistan while aiming to make a global impact across emerging markets in the long term. In DNI Group, an investment firm operating across 28 countries, we have found an experienced global partner who can help us achieve this goal.

Ross Venter, CEO of DNI's technology arm, Digital Ecosystems, expressed his excitement about the partnership, saying, "DNI is thrilled to join forces with Neem, a team of like-minded individuals operating in a vibrant, growing economy. Neem's mission to provide financial wellness to the Pakistani market aligns perfectly with DNI's objectives of empowering people and enhancing financial and digital inclusion. Through DNI's strategic investment in Neem, we aim to accelerate the development, exchange, and commercialisation of our respective technologies for the benefit of consumers within our global communities."

Despite the challenging macroeconomic circumstances, Pakistan's digital ecosystem continues to thrive and innovate. At Neem, we are committed to building financial resilience and economic prosperity for people in Pakistan and beyond, and you can join us on this journey!

Yours sincerely, Nadeem, Naeem, and Vladimira