Tez Financial Services
Latest round
- Seed
Last raised
- Oct 2018
Total raised
- $1.1M
Investors
- 3
About Tez Financial Services
Founded in 2016, Tez Financial Services Limited operates as a digital lending platform aimed at improving financial access for underserved populations. The company is headquartered in Karachi, Pakistan. Tez Financial Services was founded by Naureen Hyat, who has a history of entrepreneurial experience.Tez Financial Services operates ZOOD, a comprehensive digital lending platform designed to enhance financial inclusion for over 300 million individuals and SMEs in Pakistan, Iraq, Uzbekistan, and Lebanon. ZOOD's core offerings include ZOOD Pay, facilitating digital payments and lending; ZOOD Mall, an e-commerce platform with installment payment options; and ZOOD Ship, providing logistics services for efficient delivery.Tez Financial Services generates revenue through various transaction structures focused on B2C and B2B interactions. The company earns income via lending activities through ZOOD Pay, enhancing consumer purchasing power with flexible installment options. ZOOD Mall contributes to revenue through its extensive product catalog, targeting both local and international markets. ZOOD Ship's logistics services also represent a revenue stream, offering fulfillment solutions for merchants using ZOOD Mall.Tez Financial Services plans to expand its digital lending and e-commerce platform offerings in upcoming markets in the Middle East and Central Asia. The company aims to roll out new products enhancing user experience by the end of 2023.10 mn will be directed towards developing these new products and supporting the infrastructure for expansion., a portfolio company of Sturgeon Capital and Zain Group, indicating a strategic move towards growth and market penetration.
Who invested in Tez Financial Services
3 investors across 1 round
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Funding rounds
Seed
Oct 19, 2018
Amount
$1.1M
Investors
Questions about Tez Financial Services
Who invested in Tez Financial Services?
Tez Financial Services has 3 investors on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Tez Financial Services raised?
Tez Financial Services has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Tez Financial Services last raise money?
Tez Financial Services's most recent round on record is a Seed, in Oct 2018.
What does Tez Financial Services do?
Founded in 2016, Tez Financial Services Limited operates as a digital lending platform aimed at improving financial access for underserved populations.
Where is Tez Financial Services headquartered?
Tez Financial Services is headquartered in Karachi, Pakistan.
Which VCs invest in companies like Tez Financial Services?
Among active investors with capital left to deploy, MPCi, Luminous Ventures, Zijin Venture Capital and Legend Capital back software companies at Tez Financial Services's stage. Their profiles are linked below.
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