ZestMoney Acquired
A fully automated digital customer onboarding and servicing system that let Indian consumers apply for and receive digital credit (EMI/BNPL financing) instantly at the point of sale, without a credit card, across 80,000+ online and offline merchants including Amazon, Flipkart, Myntra, MakeMyTrip, Nykaa, Samsung, Apple, Vivo, Croma and Reliance Digital. ZestMoney shut down operations in December 2023 after failed acquisition…
ZestMoney: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 1 Jul 2023 | Undisclosed | $5-7 Mn | Flourish Ventures Omidyar Network India Quona Capital Scarlet Digital Zip Co | source |
| 21 Sep 2021 | Series C | $58 Mn | Zip Co Accion Quona Fund Collie Capital Flourish Ventures ON Mauritius Ribbit Capital Shaw Share Broking Thorney Opportunities | source |
| 18 Dec 2019 | Series B (extended) | $15 Mn | Goldman Sachs Naspers Fintech Omidyar Network Quona Capital | source |
| 24 Apr 2019 | Series B | $20 Mn | Quona Capital Omidyar Network PayU India Reinventure Ribbit Capital | source |
| 28 Aug 2018 | Series A (extended) | $13.4 Mn | Xiaomi Omidyar Network PayU India Ribbit Capital | source |
| 2 Feb 2016 | Series A | $6.5 Mn | PayU India Omidyar Network Ribbit Capital | source |
| 1 Sep 2015 | Seed | $2 Mn | Omidyar Network Ribbit Capital | source |
Acquisitions
| Date | Acquirer | Acquired | Amount | Source |
|---|---|---|---|---|
| 18 Jan 2024 | DMI Finance | ZestMoney | Undisclosed | source |
News on ZestMoney
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Who founded ZestMoney?
ZestMoney was founded by Lizzie Chapman, Ashish Anantharaman, Priya Sharma in 2015.
How much funding has ZestMoney raised?
ZestMoney has raised $114.9 Mn across 7 tracked funding round(s), most recently on 2023-07-01. Figures are compiled from cited public sources.
Who are the investors in ZestMoney?
Investors in ZestMoney include Flourish Ventures, Omidyar Network India, Quona Capital, Scarlet Digital, Zip Co, Accion Quona Fund, Collie Capital, ON Mauritius.
What does ZestMoney do?
A fully automated digital customer onboarding and servicing system that let Indian consumers apply for and receive digital credit (EMI/BNPL financing) instantly at the point of sale, without a credit card, across 80,000+ online and offline merchants including Amazon, Flipkart, Myntra, MakeMyTrip, Nykaa, Samsung, Apple,…
Where is ZestMoney headquartered?
ZestMoney is headquartered in Bengaluru, Karnataka, India.
What is ZestMoney's business model?
ZestMoney's core value proposition centers on Instant point-of-sale digital credit, no credit card needed, EMI financing for first-time credit users.
How does ZestMoney make money?
ZestMoney's cited revenue streams include Direct Selling Agency (DSA) fees from lending partners, Merchant commission, Arranger fees and technology usage fees.