About Tez Financial Services
Tez Financial Services is a company based in Karachi (Pakistan) founded in 2016 by Naureen Hyat and Humza Hussain was acquired by ZoodPay in May 2022. Tez Financial Services has raised $1.1 million across 2 funding rounds from investors including Accion, Omidyar Network and Inclusive Fintech 50. Tez Financial Services operates in a competitive market with competitors including Mawazna.com, Karlo Compare, easyinsurance, CometInsure and Apki Insurance, among others.
- Headquarter Karachi, Pakistan
- Founders Naureen Hyat, Humza Hussain
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Sectors
Financial Services
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People of Tez Financial Services
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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.
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.
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Fintech startups are supported by a micro VC fund.
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Investing in technology, digital culture, governance, and business initiatives.
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Planet N Group is focused on high-tech and social impact investments in emerging markets.
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Investor details for Tez Financial Services
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Investments & Acquisitions by Tez Financial Services
Investment portfolio details for Tez Financial Services
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Financial Statements - Tez Financial Services
Detailed financials for Tez Financial Services
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Tez Financial Services Comparisons
Peer comparison for Tez Financial Services
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Competitors of Tez Financial Services
Tez Financial Services operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Mawazna.com, Karlo Compare, easyinsurance, CometInsure and Apki Insurance, among others.
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Financial products and services are compared online in Pakistan.
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Mobile platform for betting on sports events like cricket and football in Pakistan.
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Insurance comparison platform
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Online platform for comparing and purchasing various insurance plans globally.
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Online platform that compares insurance options for individuals to facilitate informed decisions.
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Detailed competitors of Tez Financial Services
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Latest news on Tez Financial Services
Complete news archive for Tez Financial Services
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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 current CEO of Tez Financial Services.
Tez Financial Services is a funded company, having raised a total of $1.1M across 2 funding rounds to date.
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.