Elphinstone Pakistan Analysis
What is Elphinstone Pakistan?
Elphinstone Pakistan provides a hassle-free corporate retirement plan through a Voluntary Pension Scheme, focusing on investments in stocks and mutual funds.
Company Stage
Series A
YC Batch
W22
Product Features & Capabilities
- VPS-based corporate retirement plan, Voluntary Pension Scheme, investment in mutual funds, stocks, and futures, no FBR paperwork required, partnerships with UBL Fund Managers and MCB-Arif Habib.
Pricing
- Tier 1: Up to Rs10 Million in employee assets under management
- Fee: 0.4% of VPS assets under management per year
- Monthly Cost: Up to Rs2,500
- Tier 2: Rs10 Million - Rs100 Million in employee assets under management
- Fee: 0.3% of VPS assets under management per year
Market Focus
Elphinstone Pakistan primarily focuses on the financial services industry, specifically providing VPS-based corporate retirement plans and investment options for businesses and their employees.
Business Model
Charges a 1% annual fee on assets under management, with B2B2C sales approach.
Investors
- Hi2 Venture Fund
- Y Combinator
- Soma Capital
- Various angel investors
Competitors Overview
Elphinstone Pakistan operates in the market of VPS-based corporate retirement plans, facing competition from several notable companies:
- UBL Funds:
- Offerings: UBL Funds provides a range of pension schemes, including Voluntary Pension Schemes (VPS) that allow individuals to save for r
Company Pricing
- Tier 1: Up to Rs10 Million in employee assets under management
- Fee: 0.4% of VPS assets under management per year
- Monthly Cost: Up to Rs2,500
- Tier 2: Rs10 Million - Rs100 Million in employee assets under management
- Fee: 0.3% of VPS assets under management per year
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