BuyPass.ai, a stealth startup reimagining the eCommerce space across the GCC & Asia region, has successfully closed an angel funding round to kickstart its operations. The venture has been founded by ex-OLX (Prosus) and Daraz (Alibaba International Digital Commerce Group) executive Muhammad Ammar Hassan. He will be bringing his decade-long experience and insights of launching and scaling C2C and B2C eCommerce platforms across multiple markets to address the gaps he has identified in traditional commerce and eCommerce during his professional journey.
The angel round was co-led and facilitated by prominent UAE-based Pakistani entrepreneur Umair Masoom who holds a track record of raising $30 million + from renowned VCs across the US, EU and GCC. Umair will be working closely with Ammar as a Founder Partner & Board Member for BuyPass, allocating his time and expertise to the international growth & capital strategy for BuyPass.
BuyPass is committed to digitizing offline commerce in the shopping and services sector using its proprietary technology. BuyPass aims to become a digital superapp that provides software and AI tools for users in a single app. By harnessing state-of-the-art technology and local operations, we aim to create a product-led company with the engineering capability to solve people’s problems by merging the online and offline worlds through technology and operations.
“We are thrilled to have secured the funding to kick off our journey and are thrilled to have the right strategic backers in place,” said Ammar Hassan, Founder & CEO at BuyPass. “Their expertise and guidance will be invaluable as we continue to grow and scale our business.”
Commenting on the launch of BuyPass, Umair Masoom said; “Ammar is one of the most exceptional young business leaders I have come across in my professional journey. I am confident that the business model of BuyPass is going to disrupt the current digital commerce and application layer landscape in our core markets.”
The seed funding will be used to develop the product and technology supporting BuyPass, as well as to establish the company’s commercial infrastructure. BuyPass is currently in stealth mode, but it plans to reveal its products and services to end consumers in June 2025.
