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Karachi-based Tez Financial runs the ZOOD digital lending and e-commerce platform for underbanked consumers and SMEs.
Founded in 2016 and based in Karachi, Pakistan, Tez Financial Services Limited was founded by Naureen Hyat. Its ZOOD platform includes ZOOD Pay for installment payments and lending, and ZOOD Mall for e-commerce, serving users in Pakistan, Iraq, Uzbekistan and Lebanon. In May 2022 the company raised a USD 1.10 mn Seed round led by Omidyar Network, with Accion and Planet N Group also investing. In May 2022 OrientSwiss S.A., a portfolio company of Sturgeon Capital and Zain Group, acquired the company.
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