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ZESTMONEY FUNDING
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, 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...
- Funding in Indian startups sinks to $7 billion, lowest since 2017Investments till date at $7 billion for 2023; Oct-Dec least funded quarter since July-Sept 2016, show data
- ZestMoney raises fresh capital from existing investorsAfter a proposed acquisition deal with PhonePe fell through and its founders moved on, this round could be a lifeline for the pay-later sta...
- 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 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 founders to exit troubled fintech; Amazon hikes seller fee, lays off staff in IndiaCapping months of twists and turns at the troubled fintech startup ZestMoney, its founders Lizzie Chapman, Priya Sharma and Ashish Ananthar...
- 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....
- 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.
- ZestMoney raises $20m in fresh roundZestMoney said it would utilise the capital to broaden its technology focus.
- 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.
- 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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