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ZestMoney to offer easy EMI option to online shoppers

Hassle-free, instant loans without credit cards; easy EMI plans

by Suman Gupta

Mumbai, May 16, 2018: ZestMoney, India’s fastest-growing digital lending platform for retail consumers has registered more than 5 million users on to its digital platform. The platform facilitates instant loan application, quick credit limit approval and easy repayments. Zestmoney was started to help Indians upgrade to a better lifestyle and buy anything they want from their favourite online shopping platforms, without having to possess a credit card.

Speaking about the success and huge adoption among consumers that ZestMoney is witnessing, Lizzie Chapman, Co-Founder and CEO, ZestMoney, said, “At Zestmoney, we believe that every person is credit-worthy, and we want them to have access to loans of all amounts for them to buy whatever makes their life better and happier. Zestmoney users buy smartphones, kitchen appliances, headphones, television and pay for education. To ensure this we have recently partnered with popular online retail brands in India like Xiaomi and Flipkart for people to fulfill their aspirations. Currently, we disburse loans worth 2.5 crores per day.”

ZestMoney works with more than 200 retail partners and enables financing options at the checkout, enabling EMI without credit card. ZestMoney customers are empowered to afford the things they need and spread the cost over up to 36 months. ZestMoney is a technology company, and loans are issued by fully regulated lending institutions.

About ZestMoney: Founded in 2015 by digital finance & technology professionals, Priya Sharma, Lizzie Chapman and Ashish Anantharaman, the company is backed by leading global digital financial services investors like PayU, Ribbit Capital, Omidyar Networks among other. ZestMoney is one of the fastest growing consumer lending fin-tech companies in India.

ZestMoney was set up as a digital lending platform with the aim to offer a better lifestyle and to fulfill the aspirations of a growing number of Indians who have been ignored by traditional financial services companies. ZestMoney has built a completely digital automated back-end with an AI-based machine learning decision engine, offering configurable digital products, instant approval, and a seamless user experience. ZestMoney was awarded the Fintech Startup of the Year 2017 Award by India FinTech Forum and Lizzie Chapman was named Fintech Leader of the Year.

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