Bengaluru based digital lending startup has raised $13.4m in Series A financing, led by Xiaomi.
Co-founded in 2015 by by digital finance & technology professionals Lizzie Chapman, Priya Sharma, and Ashish Anantharaman, ZestMoney provides a platform that enables instant account opening and real-time credit approval, combined with digital loan servicing and repayments technology. ZestMoney can help power lending decisions based on alternative data sources, enabling lenders to reach a wider market, as well as make decisions quickly and without manual underwriting. The company partners with e-commerce companies, including Amazon, Flipkart, UpGrad and Zefo, to enable financing at the checkout, without a credit card.
http://www.finsmes.com/2018/08/fintech-startup-zestmoney-raises-13-4m.html