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 May 31, 2026, the latest employee count at Tez Financial Services is 4.

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 40th amongst 916 active competitors, of which 111 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was SelectQuote, which secured $350M in Feb, 2025.

Who are the top competitors of Tez Financial Services?

Tez Financial Services' top competitors include NerdWallet, Policybazaar and EverQuote. Among them, SelectQuote secured the most recent funding round in February, 2025.

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

Tez Financial Services is an acquired company based in Karachi (Pakistan), founded in 2016 by Naureen Hyat and Humza Hussain. It operates as a Financial services app. Tez Financial Services has raised $1.1M in funding from Omidyar Network. The company has 916 active competitors, including 111 funded and 136 that have exited. Its top competitors include companies like NerdWallet, Policybazaar and EverQuote.

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

40^th among 916 active competitors

Employee Count

4 as on May 31, 2026

Similar Companies

NerdWallet & 1163 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	3800480	Grant (prize money)	8133365	2642833	1098257	3381512
Oct 19, 2018	1706792	Seed	1034500	2991813	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 4 employees as of May 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 NerdWallet, Policybazaar and EverQuote. 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	NerdWallet 2009, San Francisco (United States), Public	App-based comparison platform for financial products	$123M	IVP, Camelot Capital & 13 others	79/100
2nd	Policybazaar 2008, Gurugram (India), Late Stage	Online platform for insurance buyers, offering a wide range of life insurance and general insurance plans	-	Premji Invest, 108 Capital & 9 others	76/100
3rd	EverQuote 2011, Cambridge (United States), Public	Online comparison platform for automotive & other insurances	$37.6M	Savano Capital Partners, Second Alpha & 7 others	74/100
4th	Insurify 2013, Cambridge (United States), Series B	Online comparison platform for car insurance	$154M	MassMutual Ventures, Nationwide & 11 others	72/100
5th	Turtlemint 2015, Mumbai (India), Series E	Provider of platform for comparing and purchasing insurance, loans, and funds	$220M	Peak XV Partners, Blume Venture & 15 others	72/100
6th	Meilleurtaux 1999, Paris (France), Acquired	App-based comparison platform for life and non-life insurance & loans	$22M	Edmond de Rothschild, Ventech & 2 others	71/100
7th	Confused.com 2002, Cardiff (United Kingdom), Public	App-based comparison platform for life and P&C insurances	-	-	70/100
8th	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 & 205 others	68/100
9th	CHECK24 1999, Munich (Germany), Funding Raised	Operator of online platform providing comparison services for insurance and finance	-	Accel, TruVenturo	68/100
10th	SelectQuote 1984, San Francisco (United States), Public	Online life insurance comparison platform for individuals	-	Brookside Equity Partners, Bain Capital & 9 others	67/100
40th	Tez Financial Services 2016, Karachi (Pakistan), Acquired	Financial services app	$1.1M	Accion, Omidyar Network & 3 others	53/100