Tez Financial Services is a Karachi-based digital Non-Bank Microfinance Company that aggregates credit, savings, insurance, and investments into a single smartphone app. Led by co-founder and CEO Nadeem Hussain, the company uses artificial intelligence to analyze consumers’ digital footprint trends, social behavior, and consumption patterns to customize offerings. Its product suite includes Tez Advance for short-term liquidity, Tez Committee (digital ROSCAs) for short-term savings, Tez Bima for health and term-life insurance, and Tez Sarmaya for tailored investment plans. Tez has integrated with branchless banking partners EasyPaisa, UBL Omni, and SimSim and partnered with EFU Life and Jubilee General to provide insurance coverage. The company raised $1.1M in seed funding and intends to use the funds to build its credit portfolio, enhance its mobile technology platform, and secure an NBMFC license.

Total raised

$1M

Funding rounds

1

Latest round

Seed

Latest activity

Oct 2018