01 / THE EVIDENCE
Consumer banker
Citibank
Customer launch of Citibank Online (CBOL); CitiAlert paid SMS alerts; Citi Mobilink co-branded card
THE FOUNDER'S JOURNEY
Mohsin Termezy
Every time a migrant crosses a border, they start at zero again.
Banker, builder, regulator's advisor, funder and founder — Mohsin Termezy has worked in almost every seat in the fintech ecosystem. For three decades he has been collecting the parts to fix that.
A phoenix story, told through the record.
30+
years across banking, payments & fintech
1 exit
yEvolve → M3 Tech, still operating
30+
countries of payments deployments
$200MM
a year in home remittances built at Samba
He didn't change careers. He was collecting the parts.
03 / A COMPLETE PERSPECTIVE
Every seat at the table
Finclude's model depends on banks, AMCs, regulators and fintechs working together. Mohsin has sat in every one of those chairs.
04 / THE CHAPTERS
One journey. Every chapter counts.
05 / THE FIRES
What survived the fire
2004
PointBlank
Enterprise cash cycles drained a small vendor. After the merger, the Principals didn't continue the Pakistan business.
What he kept
Enterprise customers, the UBL relationship and delivery experience.
What he learned
Cash cycles kill before competitors do.
2014
Monet
When Warid was sold to Mobilink (Jazz), the business model fell apart. Monet merged into Bank Alfalah.
What he kept
Regulatory firsts and the platform that became the foundation of Alfa.
What he learned
Build on rails you control.
Years pending
Dastak
A cross-border scale-up model met a market that was not ready. Mohsin pivoted to the most acute need.
What he kept
Cross-border experience and the focus on migrant families.
What he learned
The right vision at the wrong time is still the wrong time.
Three times the ground moved under him: an owner exited, a telco was sold, a market wasn't ready. None ended because the product or customers failed. Each time he kept what worked and built again.
06 / THE CONVERGENCE
What it adds up to
RemittancesDistributionDigital railsRegulationInvesting
FINCLUDE TODAY
A financial life that crosses borders
Cross-border distribution of UBL Funds to the diaspora · Global Hajj Saver · Diaspora Green Sukuk · Hemaayah · Sarwat
Purpose-based savings: In design · Subject to regulatory approvalsRemittances + distribution + digital rails + regulation + investing = a financial life that crosses borders.
07 / IDEAS IN PRINT
Publications & thought leadership
Pakistan Fintech Landscape Report
Commissioned by Karandaaz (FCDO & Gates Foundation funded); 41 in-depth stakeholder interviews.
{{FINTECH_REPORT_URL}} · Link pending
Digital Financial Services: Pakistan Landscape of 2025
Sponsored by Karandaaz Digital; delivered by Finclude with Innoventures; Pakistan's first LEGO® SERIOUS PLAY® exercise for DFS.
Read the report09 / THE RECORD
The archive
10 / NOT A SOLO JOURNEY
The people
PHOTO PENDING
yEvolve
S. Mazhar Hasan
Co-founder & CTO, yEvolve
Joined as project manager and grew into CTO and co-founder, leading the engineering behind SLASH, RAID, CRACQ and Pocket Stocks.
PHOTO PENDING
PHASE 2
More co-founders
Phase 2
Profiles coming soon
11 / STRAIGHT ANSWERS
The questions worth asking
He didn't change careers.
He was collecting the parts.
One financial relationship that follows you across borders: payments, FX, savings, protection and investing.