Pakistan's SLG-Trax Moves to Acquire Singapore’s Finova
Key Takeaways
- Secure Logistics Group (SLG-Trax) announced its intention to acquire Singapore-based Finova Technologies.
- The acquisition is intended to enhance SLG-Trax's digital payments and lending capabilities within Pakistan's e-commerce sector.
- This follows SLG-Trax's subsidiary, LogiServe, receiving an NBFC license from the SECP on August 19, 2025.
- Finova's existing fintech platform has already processed significant financing and payments for SLG-Trax clients.
- SLG-Trax plans to formally launch its NBFC operations in Q4 2025, deploying the integrated technology across its client network.
Secure Logistics Group Limited (SLG-Trax) has notified the Pakistan Stock Exchange (PSX) of its intent to acquire Singapore-based Finova Technologies, a move poised to significantly impact Pakistan's e-commerce digital finance sector. This development follows the recent granting of a Non-Banking Financial Company (NBFC) license to SLG-Trax's subsidiary, LogiServe, enabling it to offer various digital financial services. The Board of Directors has approved good-faith negotiations for the acquisition, which, if successful, will grant SLG-Trax full ownership of Finova’s intellectual property. Finova's software has already shown significant traction, facilitating substantial financing and payments for SLG-Trax's pilot clients since February 2025. Upon finalization, SLG-Trax plans to launch its NBFC operations in the fourth quarter of 2025, deploying the integrated fintech platform across its large network of retail and corporate clients. The overarching strategy is to expand the e-commerce business line with advanced lending and payment solutions, expecting boosts to efficiency and profitability.
