About Tez Financial Services
Tez Financial Services is a Financial Services company based in Karachi (Pakistan) founded in 2016 by Naureen Hyat and Humza Hussain, and was acquired by ZoodPay in May 2022. Financial services app. Tez Financial Services has raised $1.1 million across 2 funding rounds from investors including Accion, Omidyar Network and Inclusive Fintech 50. Its chief executive, as recorded, is Mueen Batlay. Its focus areas include FinTech, Internet First Insurance Platforms, Insurance Comparison Platforms and Diversified. Its competitors include Mawazna.com, Karlo Compare and easyinsurance.
Company details
Tez Financial offers users access to financial services like nano-credit for consumers, life and health insurance, and a P2B SME financing platform. Uses data that is in the users phone, including phone details, call and message logs and Facebook data to decide whether to give an advance. Users can get themselves registered on the app by providing their CNIC details and linking their mobile wallet to Tez.
- Headquarters Karachi, Pakistan
- Founders Naureen Hyat, Humza Hussain
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website tezfinancialservices.pk
- Social LinkedIn X
- Acquired by ZoodPay (May 2022)
Funding Insights of Tez Financial Services
Tez Financial Services has successfully raised a total of $1.1M across 2 strategic funding rounds. The most recent funding activity was a Grant round of $100 thousand completed in June 2019. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.1M
- Total Rounds 2
- Last Round Grant — $100,000
- First Round $1.1M
(Oct 2018)
- Investors Count 4
All 2 funding rounds of Tez Financial Services with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2019 | $100,000 | Grant | – | – | |
| Oct 2018 | $1.1M | Seed | – | Omidyar Network |
5 investors in total: 5 institutional.
Investors in Tez Financial Services
Tez Financial Services has secured backing from 5 investors, including venture fund and institutional investors. Prominent investors backing the company include Accion, Omidyar Network and Inclusive Fintech 50.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Fintech startups are supported by a micro VC fund. | inclusivefintech50.com | Cambridge, United States | ||
Investing in technology, digital culture, governance, and business initiatives. | 2004 | omidyar.com | Redwood City, United States | |
Planet N Group is focused on high-tech and social impact investments in emerging markets. | 2016 | planetngroup.com | London, United Kingdom | |
Foundation focused on early-stage investments in fintech sector | 1961 | accion.org | ||
| zoodpay.com |
Investor details for Tez Financial Services
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Tez Financial Services
9 people are tracked at Tez Financial Services (6 in leadership, 3 in board & advisors).
| Name | Role | Group |
|---|---|---|
Naureen Hyat | Co-Founder | Leadership |
Humza Hussain | Co-Founder | Leadership |
Mueen Batlay | CEO | Leadership |
Qiuyan Xu | Chief Data Scientist | Leadership |
Amjad Waqar | CFO | Leadership |
Nadeem Hussain | Co-Founder & Co-CEO | Leadership |
Altaf Qureshi | Legal Advisor | Board & advisors |
Mayada Baydas | Independent Director | Board & advisors |
Aiaze Mitha | Advisor | Board & advisors |
Complete people profiles for Tez Financial Services
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of Tez Financial Services
4 dated milestones of Tez Financial Services across 6 years, from founding to its latest funding, stage changes and deals.
- Founded Tez Financial Services is founded.
- Funding First funding round of $1.1M.
- Funding Latest funding round, Grant, of $100K.
- Exit Acquired by ZoodPay.
Competitors of Tez Financial Services
Tez Financial Services has 3 listed competitors in our database. They include Mawazna.com, Karlo Compare and easyinsurance.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mawazna.com | 2015 | Lahore, Pakistan | Financial products and services are compared online in Pakistan. | |||
| karlocompare.com.pk | 2015 | Karachi, Pakistan | Mobile platform for betting on sports events like cricket and football in Pakistan. | |||
| easyinsurance.com.pk | 2017 | Islamabad, Pakistan | Insurance comparison platform |
Detailed competitors of Tez Financial Services
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Tez Financial Services
Complete news archive for Tez Financial Services
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Tez Financial Services
Tez Financial Services was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Tez Financial Services is headquartered in Karachi, Pakistan. It is registered at Karachi, Sindh, Pakistan.
Mueen Batlay is the CEO of Tez Financial Services, as recorded in our data.
Tez Financial Services is a funded company, having raised a total of $1.1M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.1M, raised on Oct 2018.
Tez Financial offers users access to financial services like nano-credit for consumers, life and health insurance, and a P2B SME financing platform. Uses data that is in the users phone, including phone details, call and message logs and Facebook data to decide whether to give an advance. Users can get themselves registered on the app by providing their CNIC details and linking their mobile wallet to Tez.
Tez Financial Services's top competitors include Mawazna.com, easyinsurance and Karlo Compare.
Tez Financial Services has 5 investors. Key investors include Accion, Omidyar Network, Inclusive Fintech 50, Planet N Group, and ZoodPay.
Yes. Tez Financial Services was acquired by ZoodPay in May 2022.