Consumer Fintech Company ZestMoney Raises $20M Led By Quona Capital

ZestMoney, a consumer lending fintech startup in India, today announced its Series B financing of $20 million, led by global fintech investor – Quona Capital, and with participation from Australian fintech investor, Reinventure, and existing investors Ribbit Capital, Omidyar Network and PayU. The new funding will support the company’s aggressive expansion plans for 2019 and address the growing demand of EMI financing in India.

Commenting on the announcement, Lizzie Chapman, Co-founder & CEO at ZestMoney, said “Digital affordability solutions are witnessing unprecedented growth in India, and this funding will help us in making EMI financing a reality for a billion Indians by accelerating our efforts to make ZestMoney ubiquitous.”

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