Hey 👋 I’m Rooshan Aziz and I’m joined by Hassan Abbasi, the founders behind Oversee Pay.
Overview
Oversee gives Pakistanis a dollar account that works across borders. Money from abroad arrives in minutes, holds its value in dollars, and can be spent or cashed out at home, with none of the 2-5% loss and 4-5 day wait a bank charges.
Ask: On-chain infra partners please reach out at [email protected]
The problem
Pakistan receives over $52bn a year in cross-border transfers, the third-largest corridor in the world, growing 15% a year. For the families behind that number, getting the money is still hard.
Every route is broken:
Banks and wires work, but take 4-5 days and lose 2-5% across fees you never see.
Informal hawala networks are fast and cheap, but unregulated, with no record and no recourse.
The receiving side is worst. Banks treat inbound money as an afterthought, and cash that arrives through intermediaries often doesn't count as income, so people can't get a card, a loan or a brokerage account despite being paid every month.
Our solution
Oversee is an app that uses stablecoins under clear digital asset regulations to give Pakistanis a way to receive, hold and spend dollars.
Stablecoins settle dollars on-chain in seconds, so nobody pre-funds cash on either end.
Licensed on/off-ramps and card issuing now exist in every market we touch.
Receiving money
Pay in from the UK, EU, US or UAE. Digital dollars arrive in minutes, not banks' 4-5 days. Same flow sending money home or getting paid from abroad.
Send instantly
Send dollars to your friends and family in Pakistan instantly, for a fraction of what banks and hawala networks charge.
Spending straight away
Spend from your balance with the Oversee card, or cash out to rupees locally at a good rate. We've built this last mile ourselves.
Traction
1.5M
Total Payment Volume
100%
MoM TPV growth
M1
M2
M3
M4
M5
M6
Vision
We're building for the broader $200bn+ in consumer remittance flows across South Asia, and demographic shifts are making these grow faster than ever. We want our rails to power every flow between South Asia and the rest of the world. In a few years, anyone receiving money in these countries uses Oversee, and builds a financial identity that unlocks financing and investment opportunities from anywhere in the world.
Team
Rooshan Aziz (CEO) — co-founded Maqsad, Pakistan's largest edtech platform, and scaled it to over 3.5m users. Before that he spent 6 years at BNP Paribas in London, starting his career as an automation PM for KYC and compliance in FX trading before moving into Global Markets to work on debt deals. He lived this problem from both sides: sending money home from London, and getting paid in USD while living in Pakistan.
Hassan Abbasi (CTO) — Head of Engineering at Maqsad, where he built the platform from scratch and scaled it to 3.5m users. Before that, a senior backend engineer at Overjet, a $550m dental AI company based out of SF, building regulated medical-data systems. He was paid a US salary while working remotely from Pakistan, so he's felt the receiving side firsthand.
