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PAYU ZESTMONEY
ZestMoney posts Rs 412 crore loss for FY23, revenues increase 72%Overall revenue for the buy-now-pay-later platform grew 72% to Rs 250 crore during the year. Total expenses in FY23 also rose 21% year-on-y...- 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...
- PayU’s sharp focus on India could soon culminate in domestic public listingAs PayU exits other markets, it will focus on India, Turkey and South East Asia. For India, PayU wants to double down on the credit busines...
- 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...
- Prosus cuts Byju’s valuation to $5.1 billion, writes off ZestMoney investmentProsus, earlier Naspers, owns little over 9% in Byju’s and readjusted the fair value of its investment in the firm to $493 million as of Ma...
- 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 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 ...
- PayU's LazyPay launches credit product 'LazyCard' amid growing competition in BNPL spacePayU’s ‘buy now pay later’ (BNPL) solution, LazyPay has partnered with SBM Bank India for the prepaid instrument, as the company looks to u...
- PayU in talks to buy consumer lending platform PaySenseThe startup counts venture capital firms Nexus Venture Partners and Jungle Ventures among its list of institutional investors.
- PayU India’s Jitendra Gupta steps downPallav Jain, country head of PayU Finance, which was formerly known as LazyPay, is expected to take over from Gupta.
- ZestMoney raises $20m in fresh roundZestMoney said it would utilise the capital to broaden its technology focus.
- PayU India brings more than half the overall business of parent companyNaspers’ payments business, which gets majority of its revenues from India, valued at $5.2 billion, as per a Citi report.
- Reserve Bank licence for PayU to open NBFC armWith PayU Credit, the company is looking to expand its suite of credit-focused offerings.
- ZestMoney raises $13.4 million in a round led by XiaomiZestMoney will strengthen its technology and data science capabilities as well as expand use cases for the core ZestMoney Affordability Pro...
- Xiaomi is in advanced talks to pick up stake in ZestMoneyThis would be the second investment by Xiaomi in the fintech space, after having backed student-focused lending player Krazybee last year.
- Consumer internet cos start offering credit and financial partnerships with digital lendingThis opens an immense opportunity for startups such as ZestMoney, Rubique, LoanTap and others in the space, as it helps take their products...
- PayU India wants $100-million in its wallet this fiscalPayU India reported revenue of about $61 million for the financial year ended March 31, 2017 according to filings submitted by the company.
- Startups may not offer online credit on midnight purchasesChances are that your loan just might be rejected because it’s midnight. Queer it may sound, but this is done to keep a check on the frauds...
- Naspers' PayU may invest in lending startup ZestMoneyThe ZestMoney platform enables instant account opening and real-time credit approval, combined with digital loan servicing and repayments t...
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