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ZoodPay: Acquires Tez Financial Services

ZoodPay: Acquires Tez Financial Services

  • ZoodPay is a lending Super App focusing on emerging markets across the Middle East and Central Asia
  • Backed by investors including Planet N, Flourish Ventures (Omidyar Network), and Accion
  • It provides nano-loans to the unbanked and underbanked segments in over 160 cities in Pakistan
  • Through this acquisition is positioning itself as a key new player in the digital lending and fintech industry in Pakistan
  • In the absence of credit histories and credible data, conventional players have been unable to assess risk
  • Raised $50 million to date, with participation from leading global and strategic investors including Zain

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