Tez Financial Services is a digital lending platform that provides accessible financial solutions to over 10 million users in emerging markets, focusing on the underbanked population. The platform offers interest-free installment options and inventory financing for SMEs, addressing the lack of affordable credit and financial services in regions like Pakistan, Iraq, Uzbekistan, and Lebanon.
Funding
$1.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
In emerging markets, many individuals and small to medium-sized enterprises (SMEs) lack access to affordable credit and comprehensive financial services, hindering their ability to improve their livelihoods and grow their businesses. Traditional financial institutions often overlook these underbanked populations due to perceived high risk and operational challenges.
Solution
ZOOD Pay (formerly Tez Financial Services) is a digital lending platform that aims to drive financial inclusion by providing accessible financial solutions to individuals and SMEs in emerging markets. The platform offers interest-free installment options for consumers shopping online and in stores, as well as monthly inventory financing and warehousing services for SMEs. By leveraging technology, ZOOD Pay provides democratized access to easy, affordable, and reliable financial tools for everyday life.
Target Audience
The primary target audience includes underbanked individuals and SMEs in emerging markets such as Pakistan, Iraq, Uzbekistan, and Lebanon.
Features
- Interest-free installment options for consumers
- Inventory financing for SMEs
- Warehousing services for SMEs
- Mobile-only shopping application
- Cross-border and local product range
- Logistics services including fulfillment, consolidation, and last-mile delivery