When was Tez Financial Services founded?

Tez Financial Services was founded in 2016 and raised its 1st funding round 2 years after it was founded.

Where is Tez Financial Services located?

Tez Financial Services is headquartered in Karachi, Pakistan.

Who is the current CEO of Tez Financial Services?

Naureen Hyat and Mueen Batlay s of Tez Financial Services.

How many employees does Tez Financial Services have?

As of Sep 30, 2026, the latest employee count at Tez Financial Services is 3.

Is Tez Financial Services a funded company?

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 round, raised on Oct 19, 2018.

When was the latest funding round of Tez Financial Services?

Tez Financial Services' latest funding was a $***** Grant (prize money) round on Jun 25, 2019, with participation from 1 investor.

Where does Tez Financial Services rank among its competitors?

Tez Financial Services ranks 45th amongst 814 active competitors, of which 96 are funded. It stands 9th in terms of total funding among its competitors. The most recent competitor to raise funding was Coverfox Insurance, which secured an undisclosed amount in Jan, 2025.

Who are the top competitors of Tez Financial Services?

Tez Financial Services' top competitors include Turtlemint, Policybazaar and PB Fintech. Among them, Coverfox Insurance secured the most recent funding round in January, 2025.

Tez Financial Services - 2026 Company Profile, Team, Funding & Competitors

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 user's 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.

Website: tezfinancialservices.pk
Social
Email ID: *****@tezfinancialservices.pk
Phone Number: +92 **********

Key Metrics

Founded Year

2016

Location

Karachi, Pakistan

Stage

Acquired

Total Funding

$1.1M in 2 rounds

Latest Funding Round

Grant (prize money), Jun 25, 2019, $*****

Investors

Omidyar Network & 4 more

Ranked

45^th among 814 active competitors

Employee Count

3 as on Sep 30, 2026

Similar Companies

Turtlemint & 1061 more

Exit Details

Acquired by ZoodPay (May 23, 2022)

View Tez Financial Services' full profile

Tez Financial Services got acquired by ZoodPay on May 23, 2022.

Click here to take a look at Tez Financial Services's acquisition in detail

Tez Financial Services has raised a total funding of $1.1M over 2 rounds. Its first funding round was on Oct 19, 2018. Its latest funding round was a Grant (prize money) round on Jun 25, 2019 for $*****. 1 investor participated in its latest round. Tez Financial Services has 5 institutional investors.

Here is the list of recent funding rounds of Tez Financial Services:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 25, 2019	8579920	Grant (prize money)	2735564	2799154	3606796	6165996
Oct 19, 2018	6352128	Seed	5467843	2049263	Omidyar Network	Accion & 1 more

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View details of Tez Financial Services's funding rounds and investors

The founders of Tez Financial Services are Naureen Hyat and Humza Hussain. Mueen Batlay is the CEO of Tez Financial Services.

Here are the details of Tez Financial Services' key team members:

Naureen Hyat: Co-Founder & CEO of Tez Financial Services.
Humza Hussain: Co-Founder of Tez Financial Services.
Mueen Batlay: CEO of Tez Financial Services.

View details of Tez Financial Services's Founder profiles and Board Members

Tez Financial Services' employee count trend

Tez Financial Services has 3 employees as of Sep 26. Here is Tez Financial Services's employee count trend over the years:

Employee count trend for Tez Financial Services

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Top competitors of Tez Financial Services include Turtlemint, Policybazaar and PB Fintech. Here is the list of Top 10 competitors of Tez Financial Services, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Turtlemint 2015, Mumbai (India), Public	Provider of platform for comparing and purchasing insurance, loans, and funds	$220M	Peak XV Partners, Nexus Venture Partners ... & 16 others	82/100
2nd	Policybazaar 2008, Gurugram (India), Late Stage	Online marketplace for purchasing various types of insurance policies	-	Education Growth Partners, Chiratae Ventures ... & 12 others	76/100
3rd	PB Fintech 2008, Gurugram (India), Public	Provider of an online platform offering insurance and lending products through its flagship brands	$443M	Intel, SoftBank Vision Fund & 207 others	75/100
4th	EverQuote 2011, Cambridge (United States), Public	Online comparison platform for automotive & other insurances	$37.6M	Savano Capital Partners, Second Alpha & 7 others	74/100
5th	NerdWallet 2009, San Francisco (United States), Public	App-based comparison platform for financial products	$123M	IVP, Camelot Capital & 14 others	74/100
6th	Policygenius 2014, New York City (United States), Acquired	App-based insurance comparison platform for individuals	$288M	Norwest, Revolution & 25 others	72/100
7th	Meilleurtaux 1999, Paris (France), Acquired	App-based comparison platform for life and non-life insurance & loans	$22M	Edmond de Rothschild, Galileo Partners & 3 others	71/100
8th	Coverfox Insurance 2013, Mumbai (India), Series C	Provider of platform to compare and purchase various insurance policies online	$55.1M	Accel, Elevation Capital & 29 others	71/100
9th	Confused.com 2002, Cardiff (United Kingdom), Public	App-based comparison platform for life and P&C insurances	-	-	71/100
10th	Insurify 2013, Cambridge (United States), Series B	Online comparison platform for car insurance	$154M	MassMutual Ventures, Nationwide & 11 others	70/100
45th	Tez Financial Services 2016, Karachi (Pakistan), Acquired	Financial services app	$1.1M	Flourish, Inclusive Fintech 50 & 3 others	50/100