Tez Financial Services in Pakistan

Pakistan brings a new platform in the year 2018 which is known as Tez Financial Services.

Tez Financial Services





Pakistan has now a total of 3 platforms that lend money instantly,
1.      Tez Financial Services
2.      Easypaisa Loan by Easypaisa
3.      Readycash by Jazzcash

However, lending money has never been an easy job for anyone, anywhere in the world but Tez Financial Services, Easypaisa Loan and Readycash by Jazzcash have made it easier for the people of Pakistan.
You can borrow up to 5000 Pakistani Rupees from Tez Financial Services in just few minutes, up to 10000 Pakistani Rupees from Easypaisa Loan by Easypaisa, and also up to 10000 Pakistani Rupees from Readycash by Jazzcash in the hand tips of just 2 minutes.

Pakistani people were already using Easypaisa Loan by Easypaisa and Readycash by Jazzcash but, then a new service started their job to compete with them by providing them better facilities, and services to their customers in order to gain more attraction and achieve their targets, that service is now named as Tez Financial Services.

Tez Financial Services
Tez Financial Services, is the first complete digital Non-Bank Microfinance Company (NBMFC) in Pakistan, today declared that it has brought USD$1.1 million up in a seed round driven by Omidyar Network, the effect venture firm settled by Pierre Omidyar, the originator of eBay. Different speculators on this round incorporate Accion Venture Lab, the seed-organize speculation activity of worldwide not-for-profit Accion, and Planet N. Assets will enable the organization to manufacture its credit portfolio, improve its mobile technology stage, and secure the organization's NBMFC permit. 


"Our aim is to become the primary financial service provider for the unbanked and underbanked in Pakistan," said  Nadeem Hussain, fellow benefactor and CEO of Tez Financial Services, who has over 30 years of involvement in the worldwide financial services industry. "Tez Financial Services conveys a consistent encounter for our clients, giving advances in less than 15 minutes instead of the standard month timetable from neighborhood business banks. Before long, we will most likely procedure life and medical coverage guarantees in a comparative time allotment." 


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


KARACHI, Pakistan, on Oct. 19, 2018/Xtechnopedia/ - Tez Financial Services became the first completely digital Non-Bank Microfinance Company (NBMFC) in Pakistan, reported that it has brought USD$1.1 million up in a seed round driven by Omidyar Network, the effect speculation firm settled by Pierre Omidyar, the organizer of eBay. Different financial specialists on this round incorporate Accion Venture Lab, the seed-arrange speculation activity of worldwide non-profit Accion, and Planet N. Assets will enable the organization to manufacture its credit portfolio, improve its mobile technology stage, and secure the organization's NBMFC permit. 

In Pakistan, more than 50 percent of the masses are unbanked, with just 23 percent of the populace served by formal channels, and another 24 percent by casual channels, as indicated by the World Bank. Regardless of the way that the nation has 43 banks, low infiltration of formal financial services including credit (14%), reserve funds (12%), and protection (2%) is determined. 

Most unbanked and underbanked buyers utilize an assortment of casual financial devices, to deal with their funds however, those can be temperamental, costly, and wasteful. 

Mobile phones are changing the majority of them. The GSMA measures that in two years, over 80 percent of Pakistan will have 3G/4G inclusion. The nation as of now flaunts 28 million mobile records—a marker of shoppers' preparation to embrace digital financial services, particularly in remote territories not served by customary banking. 

"New technologies, higher cell phone entrance, and falling information expenses are powering an extraordinary force for financial consideration in boondocks markets, for example, Pakistan. Tez is utilizing this to push the limits of banking in the nation with an all-digital offering," said Kabir Kumar, head of Policy and Ecosystem Building at Omidyar Network. "Tez's assorted group is additionally well-situated to achieve the items and services that truly address the up and coming generation of purchasers in that nation."

"Tez marks our first investment in Pakistan, a nation with a unique demand for imaginative items that can carry its populace into the formal financial framework," said Michael Schlein, President, and CEO of Accion. "By supporting Tez's everything digital model, we can help have a significant effect for many underserved Pakistani families and organizations. 

Tez Financial Services utilizes probably the most recent innovations, for example, man-made consciousness, to break down purchasers' digital impression patterns, social conduct, and utilization designs to tweak its contributions to address every individual's issues through a sweeping, simple to utilize the application, as pursues: 
Take into account their transient liquidity needs through Tez Advance.
Empower them to stop their assets in transient reserve funds roads through network drove investment funds (Digital ROSCAs) through Tez Committee.
Give them security and assurance through health and term-life coverage Tez Bima.
Financially engage them to develop their riches by putting resources into custom-fitted speculation designs through Tez Sarmaya. 

Tez has coordinated with EasyPaisa, UBL Omni, and SimSim as its branchless financial accomplices, bringing about the biggest consolidated operator organize for its clients. Tez has likewise banded together with two of the biggest insurance agencies in Pakistan—EFU Life and Jubilee General—to give life and health inclusion. VentureDive is the technology accomplice, cultivating mechanical advancement at a worldwide scale, with workplaces in Pakistan, UAE, and Germany. Tez will before long dispatch extra items that will help further progress financial incorporation in Pakistan.


How Tez Financial Services work
Visit Google Playstore on your mobile to download the app Tez Financial Services.
Create your Tez Financial Services Account.
Get your Tez Financial Services profile account verified.
Link your mobile wallet with the app Tez Financial Services.
Choose the amount to borrow from Tez Financial Services and the tenure to apply for Tez Advance.
The amount will then be deposited in the mobile wallet.
Tez Financial Services is free for download on Google Play and for actively distributing credit to the people.

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