Co-founder of Tez Financial Services, Naureen Hayat, has won the first prize from Visa Everywhere Initiative: Women's Global Edition in a recent competition held in Paris.
The Tez Financial Services is a FinTech startup from Planet N Group that provides digital financial products and services to low-end consumers.
The startup won $100,000 and was also chosen as the top winner in the FinTech Business Challenge category of the competition.
Tez Financial Services hopes to transform lives through an all-in-one mobile application with its end goal to make it a full stack digital bank.
Tez Financial Services is also co-founded by Nadeem Hussain who is also its Chief Executive Officer, and Humza Hussain. According to the team, they aim to "provide a range of financial products straight into the hands of Pakistan's through their mobile phones that enrich their lives."
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Youths in the Middle East deal with the world’s social problems such as high youth unemployment rates. As a solution, some are creating new businesses with a social purpose, such as tackling environmental issues, illiteracy or health, while also spurring job creation.