Friday
October 19
2018

Tez Financial Services Raises $1.1M in Seed Funding

Tez Financial Services, a Karachi, Pakistan-based digital Non-Bank Microfinance Company (NBMFC), raised USD$1.1m in seed funding.

The round was led by Omidyar Network, with participation from Accion Venture Lab and Planet N. Funds.

The company intends to use the funds to build its credit portfolio, enhance its mobile technology platform, and secure an NBMFC license.

Photo courtesy of Institute for Money, Technology and Financial Inclusion.

Source: FinSMEs (link opens in a new window)

Categories
Finance, Investing
Tags
financial services, fintech, mobile banking, mobile finance, mobile money