Buy now, pay later platform ZestMoney has raised $50 million Series C funding from global Buy Now, Pay Later provider Zip Co Limited. This is part of a larger Series C fundraise, which will see participation from existing investors.
Zip will acquire a minority shareholding in the company and a board seat as part of the investment.
The company plans to deploy the funds to expand the product suite, deepen the transaction network, strengthen its balance sheet capacity, and launch new business lines in insurance and savings.
