PhonePe Acquires ZestMoney, To Continue It As Separate Entity: Report

ZestMoney is a consumer lending fintech company in India founded by Lizzie Chapman, Priya Sharma and Ashish Anantharaman in 2015.

The acquisition is done and ZestMoney will continue to operates as a separate entity with Zest brand, according to a media report

India’s leading fintech platform PhonePe has acquired buy-now-pay-later (BNPL) fintech startup ZestMoney, according to a livemint report quoting people aware of the matter. However, the financial details of the deal are not known yet.

“The acquisition is done. ZestMoney will continue to operates as a separate entity with Zest brand,” the livemint report quoted a person aware of the matter as saying.

According to the report, ZestMoney was earlier in acquisition talks with Pine Labs and BharatPe, but the deals fell through.

ZestMoney is a consumer lending fintech company in India founded by Lizzie Chapman, Priya Sharma and Ashish Anantharaman in 2015.

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