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Mr. Iqbal Mahmood is an IBA alumnus of MBA Class of 1999. He is an entrepreneur by nature. He was successful in launching and setting up the following ventures:

RFM Loyalty Pvt Ltd Pakistan: (2002-2006)

Received USD 1million venture capital funding from TMT Venture, Pakistan's first VC fund to develop a network of POS terminals across Pakistan. Owned 30% of the company and was the founder CEO in 2002. Entered into a contract with UBL and hosted loyalty program of UBL (dip the chip) on South Asia's first chip cards launched by UBL. RFM owned a network of POS terminals processing visa, Mastercard, AmEx etc. cards across Pakistan - Till 2006 they had 100+ employees across Pakistan with 3 offices. Sold RFM Loyalty Co LLC to a Kuwait based private equity fund for USD 4million earning a 40% IRR for the VC fund. https://fp.brecorder.com/2006/06/20060622441936/ The transaction is considered to be Pakistan's first acquisition of a local VC funded company by a foreign private equity fund.

RFM Loyalty Co LLC UAE: (2007- present) (www.rfmloyaltyco.ae)

formed RFM Loyalty Co LLC in UAE in 2007 and entered into a contract with ADCB bank to launch and manage loyalty program for the bank on its credit / debit cards.

Entered into a contract with NBAD Bank in UAE to deploy and manage a network of POS terminals (owned, branded and managed by RFM) at retails across UAE. Today, they process 80k transactions a day processing AED 20m per day in cards transactions across UAE through our 10,000+ pos terminals. Company employs 50+ staff and has offices in Dubai and Abu Dhabi.

Integrated loyalty solutions pte ltd Singapore :(2018-present)

(www.ils-pte.com)
formed Integrated loyalty solutions in Singapore - entered into a contract with Global Payments Inc to deploy and process POS devices - currently have 400+ merchants and growing in Singapore.