Lahore, Pakistan - April 22nd, 2025 — FiveRivers Technologies has partnered with KalPay, Pakistan’s largest Shariah-aligned Buy Now, Pay Later (BNPL) service, to offer its employees and their associates the ability to purchase essential products and services through flexible, interest-free installment plans.
Through this collaboration, FiveRivers employees, staff, and their referrals can access KalPay’s BNPL services for a variety of purchases, including smartphones, laptops, electric bikes, educational fees, and more. Participants will benefit from the convenience of paying in up to nine monthly installments, with transparent, Shariah-compliant terms and no hidden charges.
Empowering Financial Flexibility
This initiative reflects FiveRivers Technologies' commitment to supporting its employees by offering easier access to essential products and services. KalPay’s BNPL model provides the FiveRivers team with the flexibility to manage expenses without financial strain.
“Our employees are at the heart of everything we do, and providing them with access to flexible, responsible financial solutions is an important step in supporting their well-being,” said Azita Kahromi, COO at FiveRivers Technologies.
Our priority is to ensure employees have access to financial solutions that are both responsible and aligned with our broader fiscal strategy,” said Abrar Awan, CFO at FiveRivers Technologies. “This partnership with KalPay provides our team with a transparent and structured way to manage expenses while maintaining financial stability.”
This partnership aims to provide employees with a secure, accessible financing option that aligns with ethical financial practices and responsible spending.
“We are excited to partner with FiveRivers Technologies to extend our Shariah-aligned BNPL services to their employees and associates,” said Hasan Mubarak, Chief Commercial Officer at KalPay. “Our mission is to make essential products and services accessible through ethical and transparent financial solutions, and this collaboration reflects our commitment to empowering individuals with greater financial flexibility.”
About KalPay
KalPay is Pakistan’s first Shariah-aligned Buy Now, Pay Later service, enabling customers to purchase a range of products and services in easy monthly installments. KalPay is dedicated to providing ethical, accessible, and customer-centric financial solutions.
About FiveRivers Technologies
FiveRivers Technologies is a leading software company with a proven track record of delivering mission-critical applications to global enterprises. The firm specializes in artificial intelligence, decentralized systems, augmented reality, and cybersecurity. FiveRivers' software solutions are utilized by numerous Fortune 500 companies and form the core of many successful startups in the US and globally. The company has pioneered many firsts, including systems management platforms for blade systems, embedded systems, AI-powered cyber systems, software for unmanned aviation platforms, and Industrial IoT applications. To date, FiveRivers has delivered over 500 applications, serving nearly ten million customers on various mobile platforms.
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Source: FiveRivers Technologies (Pvt.) Limited.
