Pakistan’s SLG-Trax Moves to Acquire Singapore’s Finova

Pakistan’s SLG-Trax Moves to Acquire Singapore’s Finova Technologies

Secure Logistics Group Limited (SLG-Trax), a leading name in Pakistan’s logistics and e-commerce sector, has officially begun negotiations to acquire Finova Technologies, a Singapore-based fintech company. The move marks a major step in SLG-Trax’s strategy to expand into digital finance, payments, and smart lending solutions, following its recent Non-Banking Financial Company (NBFC) license approval.

What the SLG-Trax & Finova Deal Means for Pakistan’s Fintech Future

SLG-Trax aims to fully acquire Finova’s intellectual property and possibly its operational control. Once completed, the acquisition will allow SLG-Trax to integrate Finova’s advanced fintech platform across its logistics and e-commerce networks, offering AI-powered lending, digital payments, and credit management tools to its retail and corporate clients.

Key Details Table

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SLG-Trax Acquisition of Finova Strengthens Fintech Backbone

By acquiring Finova, SLG-Trax plans to merge logistics operations with financial technology, creating a robust ecosystem for embedded finance. The acquisition will empower local businesses with faster access to working capital, credit scoring, and supply chain financing. It is also expected to make Pakistan a growing hub for fintech innovation in South Asia.

NBFC License Empowers SLG-Trax to Offer Financial Innovation

SLG-Trax’s subsidiary LogiServe received its NBFC license in August 2025, allowing it to provide formal financial services such as invoice discounting, COD-backed loans, and digital merchant wallets. With Finova’s technology integration, SLG-Trax will be able to extend these services nationwide, especially to e-commerce sellers and logistics partners seeking digital credit options.

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Important Points

• SLG-Trax has started official negotiations to acquire Finova Technologies of Singapore.
• The deal aims for full ownership of Finova’s intellectual property and possible operational control.
• Finova’s platform has already been tested successfully in Pakistan with over 1.2 million shipments and billions in transactions.
• The company plans to expand fintech services to over 9,000 retail and 300 corporate clients.
• The acquisition will combine logistics, payments, and lending into one integrated system, positioning SLG-Trax as a pioneer in Pakistan’s digital finance sector.

FAQs

Q1: What is Finova Technologies?
Finova Technologies is a Singapore-based fintech firm that provides digital payment gateways, smart lending solutions, and credit analytics technology.

Q2: Why is SLG-Trax acquiring Finova?
The acquisition is part of SLG-Trax’s broader move to integrate fintech into its logistics and e-commerce operations, enabling smoother digital transactions and access to finance.

Q3: What is the role of LogiServe?
LogiServe, a wholly-owned subsidiary of SLG-Trax, holds an NBFC license and will implement Finova’s technology to offer innovative lending and payment solutions.

Q4: What has been achieved in the pilot phase?
In the initial pilot, Finova’s fintech platform processed 1.2 million shipments, Rs 17 billion in wallet payments, and Rs 3.5 billion in loans for Pakistani clients.

Q5: When will these services become available?
Pending regulatory clearance and finalization of the acquisition, full NBFC operations are expected to launch by Q4 2025.