A startup banking program designed by Startup Syndicate to fuel your entrepreneurial journey.
From seamless digital banking to exclusive financial solutions, Riyada empowers startups, freelancers, and SMEs with the tools they need to grow.
Individual Startup Account
- For startups (sole Proprietorship) with a lower threshold and smaller company size
- Platinum Debit Card will be issued to the Account Holder
- Access to digital Banking. ( Internet banking & mobile banking app)
Startup Partnership Account
- In case of multiple owners, (partnership Agreement / Partnership Deed) will be required for a joint Individual account.
- Platinum Debit Card can be issued to all the participants of the account (max 04)
- Fee will be charged to each of the card holders separately.
- Access to digital Banking. (Internet banking & mobile banking app)
- For startups / SMEs holding money in PKR
- Access to digital Banking. ( Internet banking & mobile banking app)
Individual ESFCA Account
- For startups / SMEs receiving foreign investments / payments from abroad
- Within the SBP mandate and regulations.
- Platinum Debit Card (for PKR Account) can be issued to the Account Holder
- Plus a FCY Debit Card (linked to the FCY USD Account) can also be issued to the customer
- Access to digital Banking. ( Internet banking & mobile banking app)
Startup Corporate ESFCA Account
- Once the startup is registered as a company, a corporate account can be opened under the SBP's ESFCA corporate mandate
- Corporate FCY Debit Card can be issued to the directors / owners of the company (provided the information of the directors is mentioned in the company information)
- Access to internet banking Portal (through Cash Management)
Request an account
Frequently Asked Questions
Have questions about these products? Here are the usual ones, but you can always reach out at [email protected] for any additional queries and we can connect you with our banking partners!
Can anyone apply?
Yes! As long as you’re a startup founder or freelancer at any stage of your journey!
What's different from other bank accounts
These offerings are made keeping startups and their challenges in mind. We have made sure the process is faster, smoother and have well-rounded offerings that a startup needs to succeed!
Are there extra charges?
No! The charges are the same as in line with any other bank offerings!
I'm just starting, am I too small for this?
We want to be on the journey of growth with you! As long as you have the basic needed documentation, you’re welcome!
How do I sign up?
Just fill in the form above and select the account or product you’re interested in and someone from Al Baraka Bank would be in touch!
