Tez Financial Services Becomes the First Pakistani Startup to Raise $1.1 Million in Seed Round Led by Omidyar Network

Tez Financial Services, the first fully digital Non-Bank Microfinance Company (NBMFC) in¬†Pakistan, today announced that it has raised¬†USD$1.1 million¬†in a seed round led by¬†Omidyar Network,¬†the¬†impact investment firm established by Pierre Omidyar, the founder of eBay.¬†Other investors on this round include¬†Accion Venture Lab, the seed-stage investment initiative of global nonprofit Accion,¬†and¬†Planet N. Funds will help¬†the company build its credit portfolio, enhance its mobile technology platform, and secure¬†the company’s¬†NBMFC license. You can learn more about the challenge,...

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