MENU × BUSINESS
Banking And InsuranceCryptocurrencyDigital MarketingErpFood And BeveragesHealthcareLegalMarketing And AdvertisingMedia And EntertainmentMetals And MiningOil And GasRetailTelecom
TECHNOLOGY
Artificial IntelligenceBig DataCloudCyber SecurityE CommerceEducationGaming And VfxIT ServiceMobileNetworkingSAPScience And TechnologySecuritySoftwareStorage
PLATFORM
CiscoDatabaseGoogleIBMJuniperM2MMicrosoftOracleOracleRed Hat
LEADERSHIP
CEO ReviewCompany Review
MAGAZINE
ASIA INDIA
STARTUPS CLIENT SPEAK CONTACT US

The Silicon Review Asia

ZestMoney in India raises $20M in order to Grow its Digital Lending Services

ZestMoney in India raises $20M in order to Grow its Digital Lending Services

ZestMoney has announced that it has raised $20 million in Series B. It is a startup that aids in consumers who have no credit history to get loans in order to buy online. The company was initially started by Lizzie Chapman (CEO), Priya Sharma (CFO/COO) and AshishAnantharaman (CTO). Since ZestMoney is a consumer-centric loan company it has brought it Quona Capital, Reinventure, Rebbit Capital, Omidyar Network and PayU.

The round has taken ZestMoney to a $42 million to date. In the past, the series A2 raise was about &13.4 million but it was led by Xiaomi the Chinese phone giant. Aiding companies like Flipkart and Amazon, the company (ZestMoney) has really made a difference. Over 800 merchants have been a part of ZestMoney’s venture. The banks believe that small loans don’t generate a return that makes the hassle worthwhile. That is ZestMoney came into the market, to aggregate the smaller customers and manages the details. Thus making it an attractive partner at scale for banks and everyone profits. That being said the fin-tech market is growing and evolving like never before. Only time will tell how things turn out in the future.

YOU MAY ALSO LIKE

Tariff plans will cost higher from the next financial year as telecom companies are gearing up to increase rates

The ongoing Covid pandemic had significantly increased the number of mobile and internet users worldwide. The high amount of usage is expected to drop...

Business Travelers to Stay at Singapore’s Changi Airport Bubble

Singapore’s open economy depends heavily on tourism and business. But its vibrant but small economy has been hurting as the circumstances due to...

Countries in Asia-Pacific are marching towards ‘green recovery’ amidst Covid-19 crisis

2020 has been an unforgettable year for many of us. The ongoing Covid crisis has reminded people that it is very important to have an uninterrupted an...

Department of Telecommunication to announce the new schedule for 5G trials

Department of Telecommunications (DoT) is all set to announce the new schedule for 5G trials. The Dot made this decision after being pulled by the par...

RECOMMENDED