Zestmoney news and trends

FinTech Bankruptcies and Speedbumps Prove Digitization Offers No Straight Path to Viability
Business // December 18, 2023

There’s no smooth sailing for corporates into the end of 2023. As 2023 becomes 2024, and as we spotlighted here, the pandemic era relief has run its course, the cash coffers have been drained, and in the United States, bankruptcies have been on the rise....

Report: Indian BNPL Startup ZestMoney to Wind Down Operations
Buy Now Pay Later // December 05, 2023

Indian buy now, pay later (BNPL) startup ZestMoney is reportedly closing down after unsuccessful attempts to find a buyer. Once valued at $445 million, the company had attracted high-profile investors such as Goldman Sachs, PayU, Quona, Zip, Omidyar Network, and Ribbit Capital, TechCrunch reported Tuesday (Dec. 5). It...

Australia’s Zip Buys Minority Stake in India’s BNPL Startup ZestMoney
Buy Now Pay Later // September 22, 2021

Buy now pay later (BNPL) startup Zip, formerly Quadpay, purchased a $50 million minority stake in the Indian BNPL newcomer ZestMoney as part of a continuing Series C funding round, according to a press release on Wednesday (Sept. 21). Launched in 2015 in Bangalore, ZestMoney...

Indian FinTech ZestMoney Raises $15M Led By Goldman Sachs
Alternative Finances // December 19, 2019

Bangalore-based FinTech ZestMoney has raised $15 million in a Series B funding round led by Goldman Sachs and existing investors Naspers, Quona Capital, and Omidyar Network, reports detailed on Thursday (Dec. 19). ZestMoney co-founder and chief executive Lizzie Chapman told reporters that the new investment...

Quick Reads
DMI Acquires ZestMoney, Plans to Grow Merchant Network Across India

January 17, 2024
DMI Group, a pan-India financial services platform, has acquired ZestMoney, a digital credit provider in India.  The acquisition will allow DMI to incorporate the ZestMoney checkout financing platform into its product suite, broadening its engagement with current and potential customers, the company said in a Wednesday (Jan. 17) press release.  “We have been partnered with ZestMoney for […]

Report: Indian BNPL Startup ZestMoney to Wind Down Operations

December 05, 2023
Indian buy now, pay later (BNPL) startup ZestMoney is reportedly closing down after unsuccessful attempts to find a buyer. Once valued at $445 million, the company had attracted high-profile investors such as...

Australia’s Zip Buys Minority Stake in India’s BNPL Startup ZestMoney

September 22, 2021
Buy now pay later (BNPL) startup Zip, formerly Quadpay, purchased a $50 million minority stake in the Indian BNPL newcomer ZestMoney as part of a continuing Series C funding round,...

Indian FinTech ZestMoney Raises $15M Led By Goldman Sachs

December 19, 2019
Bangalore-based FinTech ZestMoney has raised $15 million in a Series B funding round led by Goldman Sachs and existing investors Naspers, Quona Capital, and Omidyar Network, reports detailed on Thursday...