Camden Town Technologies Pvt Ltd.
Also known as:
Founded in 2015, ZestMoney started operations in January 2016, having raised seed capital from Ribbit Capital and Omidyar. ZestMoney operates a B2B2C model where it partners with online merchants to offer consumer finance for online purchases with a ticket size ranging from $75-$1500 (INR 5k-100k) and flexible tenure of up to 24 months. The company has shown impressive growth in just 10 months of operations, offering a simple & intuitive product, and is building a robust tech platform to drive credit. Given the untapped market potential of consumer credit, a compelling business model, and capable management team, ZestMoney is a solution to reckon in this space. PayU can add value by giving ZestMoney access to its customer & merchant base and that of certain members the Naspers Group (e.g., OLX, Make My Trip/Ibibo Group, etc.)