[Funding alert] ZestMoney raises $20 M in Series B from Quona Capital
22 April 2019 11:27 PM GMT
The company will deploy the investment primarily in technology and data science for expanding acceptance of ZestMoney as a digital payment instrument (online and in-store), as well as enhancing product capabilities, and acceptability.
![[Funding alert] ZestMoney raises $20 M in Series B from Quona Capital](https://democracynewslive.com/h-upload/uid/Oi0vYglOSeT3sOiYLxGczkgIm5o66OZB6423512.jpg "[Funding alert] ZestMoney raises $20 M in Series B from Quona Capital")
- Commenting on the announcement, Lizzie Chapman, Co-founder & CEO, 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.
- Quona Capital invests in early and growth-stage financial technology companies in emerging markets.
- Previously, PayU led the company's Series A investment of $6.5 million in 2016.Speaking on the association, Simon Cant, Reinventure, said, "The founding team at ZestMoney has an unparalleled vision, and that made the company even more attractive for us.
- ZestMoney makes its first acquisition, acquires AI intelligence platform PhotographAIZestMoney raises $13.4M in Series A2 funding led by Xiaomi
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