Goldman Sachs Leads $15M Investment in Indian Fintech Startup ZestMoney

Friday, December 20, 2019

By Manish Singh

One of America’s largest banks has just poured in some money to help millions of Indians without a credit score secure loans and make purchases online for the first time in their lives.

Bangalore-based ZestMoney announced today that it has raised $15 million from Goldman Sachs and existing investors Naspers Fintech, Quona Capital and Omidyar Network. Lizzie Chapman, co-founder and chief executive of ZestMoney,  told TechCrunch in an interview that the new investment is part of an extended Series B round, the first tranche of which was announced in April this year.

The extended Series B round brings ZestMoney’s total raise to-date to $63 million, she said.

Photo courtesy of Meena Kadri.

Source: TechCrunch (link opens in a new window)

Categories
Finance
Tags
emerging markets, financial inclusion, financial services, fintech, microcredit, startups