ZestMoney Share Price

Price Chart

• ZestMoney is the largest and fastest growing consumer lending fintech company in India. ZestMoney is built as a platform that can meaningfully improve the lives of more than 300 million households in the country, who currently have no access to credit cards or any other formal financing options because of insufficient credit history
  
• ​ZestMoney’s unique platform uses mobile technology, digital banking and Artificial Intelligence to make life more affordable to millions of Indian consumers by putting customers in touch with the lending partners and managing their credit for them
  
• ZestMoney is a fully automated digital customer onboarding and servicing system. It enables customers to apply for and receive digital credit instantly at the point of sale. It has more than 80,000 merchants across India including Amazon, Flipkart, Myntra, MakeMyTrip, Nykaa, Samsung, Apple, Vivo, Croma, and Reliance Digital
  
• ZestMoney allowed customers to pay for products over time, but use them right away.
• In May 2023, ZestMoney’s founders resigned, several weeks after fintech giant PhonePe decided to halt its proposed acquisition of the company. This left the employees at the firm facing an uncertain future. The deal with PhonePe, was to fetch between $150 million and $300 million, but it collapsed. The firm had been finding it challenging to raise fresh capital amid a funding winter. 
• On 18th of January 2024, DMI Group, a pan-India financial services platform acquired the beleaguered ‘buy now pay later’ (BNPL) ZestMoney (Zest) platform for an undisclosed amount
• Founded on 24th of November 2016 Camden Town Technologies Private Limited under the umbrella of which digital platform ZestMoney operates. ZestMoney has its registered office at Ground and Third Floor, Indiqube Celestia, No 19 & 20,Koramangala 1A Block, Koramangala BENGALURU Bangalore KA 560034 IN