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FINTECH ZESTMONEY
Zestmoney cofounder Lizzie Chapman quits Reliance-backed Swiffy LabsLizzie Chapman founded Berkeley Square Finance Group (BSFG) late last year, assuming the role of a partner at the firm. As per the company’...- DMI Group acquires ZestMoney in a fire saleThe deal will give DMI the exclusive right to use all brands of ZestMoney, with its non-banking finance company (NBFC) arm DMI Finance beco...
- DMI, Aditya Birla Finance in race to scoop up ZestMoney in firesaleZestMoney, which was offering buy-now-pay-later (BNPL) loans to customers at ecommerce and offline checkout points, had around December 5 i...
- ZestMoney saga highlights drying NBFC credit flowPayU and Goldman Sachs-backed ZestMoney shut down operations, while Paytm decided to scale down its BNPL product Paytm Postpaid. Large NBFC...
- ZestMoney to shut down by December-end, lay off 150 employeesZestMoney employees were informed by CBO Mandar Satpute to start looking for new jobs. Two major NBFCs who were supporting ZestMoney via cr...
- Lifeline for ZestMoney to turn around business as existing backers pump fundsThe funding comes in the wake of payments major PayU writing off its investment in the company. Last fiscal, PayU’s close to 15% stake in Z...
- Lending taps drying up for crisis-hit ZestMoney; Payments Council pings FM for RuPay MDRTroubles seem to be mounting for beleaguered ZestMoney as lenders pull back credit lines, a day after its founders left the company after a...
- Lending taps starting to dry up for crisis-hit ZestMoneyWith the company in turmoil, its lending partners have turned cautious, given the loans extended through ZestMoney will eventually be sitti...
- ZestMoney top leadership to form new management after founders leaveIn a town hall held on Monday, ZestMoney’s founders— Chapman, Priya Sharma and Ashish Ananthataman— informed employees that they would be s...
- ZestMoney founders leaving troubled fintech firm post PhonePe deal collapse“There was a town hall held on Monday by the management where the founders informed the rest of the team that they are leaving the company,...
- ETtech Exclusive: PhonePe may waive off ZestMoney’s $18 million debt after failed acquisitionThe Walmart-owned digital payments major is looking to strike a commercial agreement and may pay $8 million to ZestMoney for the licensing ...
- ZestMoney to lay off 100 employees after PhonePe acquisition falls throughZestMoney’s founders and leadership informed employees about the layoff at a town hall meeting on April 6, they said. The impact is expecte...
- ETtech Exclusive: PhonePe calls off deal to acquire ZestMoney amid due diligence concernsAccording to sources privy to the developments, lapses in due diligence, disagreements over valuation, sustainability of the business and s...
- Scoop: PhonePe may buy BNPL startup ZestMoney in big consolidation moveThis comes amid a global reset in the BNPL sector, fuelled by interest rate hikes and an overall squeeze in consumer spending. ZestMoney ha...
- Fintech firm Tortoise raises undisclosed sum in funding from cofounders of Swiggy, ZestMoneyTortoise had earlier raised around $2.3 million this year from Vertex Ventures, a part of global investment firm Temasek.
- BNPL startup ZestMoney raises $50 million from Australia’s Zip CoZestMoney will use the funding to expand its product suite, deepen its network, strengthen its balance sheet and launch new business lines....
- Acko signs pact with ZestMoney to offer credit insuranceZestMoney offers instant financing to consumers across 1000+ online portals and provides them the option of paying through EMIs even if the...
- Women avail more loans to spend on education than men: ReportThe research from the survey report also found that on an average loan amount for women is 35 per cent higher than men.
- EMI financing grew over 1000 per cent in tier III cities: ReportAccording to a study, this growth has bypassed the combined growth of tier I and II cities.
- ZestMoney raises $20m in fresh roundZestMoney said it would utilise the capital to broaden its technology focus.
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