Tag: zestmoney
Paytm: Paytm lending decoded: Where does it stand after slowdown in small-ticket credit?
In December 2023, fintech major Paytm announced that it will start scaling down one of its most popular credit products Paytm Postpaid, a buy-now-pay-later (BNPL)…
ZestMoney: DMI Group acquires ZestMoney in a fire sale
Financial services company DMI Group has acquired beleaguered buy-now-pay-later (BNPL) startup ZestMoney in a fire sale. The deal will give DMI the exclusive right to…
ZestMoney: ZestMoney posts Rs 412 crore loss for FY23, revenues increase 72%
Beleaguered startup ZestMoney, which has been looking for a buyer, reported a net loss of Rs 412.4 crore for FY23. This is a marginal 3%…
ZestMoney: DMI, Aditya Birla Finance in race to scoop up ZestMoney in firesale
Non-banking finance companies DMI Finance and Aditya Birla Finance are trying to scoop up fintech lending startup ZestMoney in a firesale, two people in the…
ZestMoney: ZestMoney saga highlights drying NBFC credit flow
ZestMoney‘s abrupt closure was primarily driven by its non-bank lending partners’ decision to terminate credit lines to the fintech startup. Two people in the know…
zestmoney: ZestMoney to shut ops, lays off 150 employees
Beleaguered startup ZestMoney is shutting down by the end of this month, employees were informed on Tuesday. One person in the know told ET that…
ZestMoney: Prosus cuts Byju’s valuation to $5.1 billion, writes off ZestMoney investment
Prosus has marked down the fair value of its stake in edtech Byju’s and written off its investment in troubled buy-now-pay-later startup ZestMoney, disclosures made…
ZestMoney: Lending taps starting to dry up for crisis-hit ZestMoney
The sudden exit of ZestMoney founders after its planned acquisition by PhonePe failed has compounded the challenges for the fintech startup with its already clogged…
zestmoney: ZestMoney top leadership to form new management after founders leave
A day after ZestMoney’s three founders announced they would leave the troubled fintech firm, cofounder and CEO Lizzie Chapman announced that the startup’s vice president,…
zestmoney: ZestMoney founders to exit troubled fintech firm post PhonePe deal falling through
Troubled fintech startup ZestMoney will see its founders Lizzie Chapman, Priya Sharma and Ashish Anantharaman leave the company after its potential acquisition by PhonePe fell…