Qanat
API infrastructure for cross-border B2B payments.
What Qanat does.
Qanat builds reconciliation and settlement APIs that let Pakistani exporters receive and match payments from foreign buyers in hours rather than weeks. The product sits between the exporter's ERP and their banking partner, automating the State Bank documentation that today requires a full-time finance clerk.
| Detail | Value |
|---|---|
| Stage | Pre-seed |
| Category | B2B Fintech |
| Year | 2025 |
| Measured by | Transactions processed, settlement time reduction, gross payment volume flowing through the API. |
The thesis behind Qanat.
Pakistan's exports clear billions of dollars a year, and the back-office that tracks each payment is still largely manual. Qanat started inside a services firm that built the same reconciliation workflow for four different textile exporters. The founders decided to own it instead of billing for it a fifth time.
We backed Qanat because the wedge is narrow and the buyer is known. The first three customers are mid-size textile houses who were already paying the founders to solve this problem. The product replaces a spreadsheet-and-email process with an API that a finance team can audit in real time.
The people building it.
Two co-founders: a payments engineer who spent six years at a Karachi fintech, and an operations lead who ran export compliance at a top-five textile group. Both know the regulatory side from experience, not from reading about it.
- Website qanat.pk
- Stage Pre-seed
- Category B2B Fintech
Building something similar?
If you are working in b2b fintech or a related space, we would like to hear about it.