Lending Startup ZestMoney raises $20 million funding
Bengaluru-based lending startup ZestMoney has raised $20 million in fresh funding led by Washington based fintech investment firm Quona Capital.
Australia based fintech investor group Reinventure, existing investors Ribbit Capital, Omidyar Network and PayU are also participate in this round.
The company will use this fund to invest in tech space and hiring.
As per the press release, ZestMoney will hire 60 engineers and 20 data scientists in one year and improve integration with partner NBFCs and online retailers with whom it offers EMI options to customers.
“Quona and Reinventure are both specialist fintech venture funds. There’s definitely a lot of momentum in our space right now, with everyone in e-commerce talking about affordability through EMI and we’re just riding off ...