FANAP

Investor type

PE / VC

Founded

2005

AUM

-

Location

Iran

$1-5 m

Investment Ticket

3-5 years

Investment Horizon

Series B

Investment Stage

Sale to strategic investor, IPO

Exit Strategy

Profile

Pasargad Aryan Information and Communication Technology Company (FANAPP) was established on 24th of January 2005 with the financial support of Pasargad Group and a group of elites and graduates of top universities in the country. Phenap's primary mission was initially to design and develop an indigenous Iranian banking solution based on the expertise and knowledge of the day-to-day Iranian youth, which was accomplished by the grace of God. Following this success, Phnap expanded its operations in the IT industry by providing comprehensive financial solutions, comprehensive insurance solutions, stock exchange and financial transaction management and processing, which is now part of the country's largest private and public banks, agencies and ministries and financial institutions. Credit, insurance companies and stock brokers are using and exploiting them. Developing and implementing a smart transport solution based on infrared cameras and speedometers was Phenap's first experience in the non-financial and banking areas, and continued to provide value-added content services and pay-per-view mobile platforms.

Industry

E-commerce/Marketplace Financial Services IT Services Telecommunications

Region of investment

Middle East

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