ZestMoney is looking to increase consumer lending in India with new funding from Australia-based market peer Zip.
India-based online lender ZestMoney has received $50m in series C funding from Australia-headquartered peer Zip, The Economic Times reported yesterday.
Founded in 2015, ZestMoney operates an online buy now, pay later platform that lets customers make purchases on credit and pay the funds back at a later date.
ZestMoney will use the investment proceeds to expand its suite of products as well as launch new business lines for insurance and savings. It also plans to build upon its merchant network…
