ZAR is a startup backed by a16z that aims to bring dollar-backed stablecoins to everyday people in Pakistan through local shops, kiosks and money agents.
ZAR raised $12.9M in a round led by Andreessen Horowitz, with $20M raised in total, according to Cointelegraph. Its founders, Sebastian Scholl and Brandon Timinsky, previously sold SadaPay to Papara.
Cointelegraph describes a model where people swap cash for stablecoins at local stores, phone kiosks and money agents by scanning a QR code, then hold them in a mobile wallet connected to a Visa card.
Pakistan availability: Cointelegraph reported in October 2025 that ZAR had launched its platform and was seeing early traction in Pakistan's urban centres. We have not confirmed its current status.
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