Tez Financial Services Raises $1.1M in Seed Funding

Friday, October 19, 2018

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)

Finance, Investing
fintech, mobile finance