a16z Invests $12.9M to Bring Stablecoins to Unbanked Populations in Pakistan

Venture capital firm Andreessen Horowitz (a16z) has led a significant funding round of $12.9 million for ZAR, a fintech startup aiming to make dollar-backed stablecoins accessible to individuals in Pakistan and other developing economies. The investment will fuel ZAR’s efforts to leverage local networks like corner stores and phone kiosks to provide digital money access to millions who lack traditional bank accounts.