ZestMoney

lendingother lending

FOUNDING YEAR: 2015
LOCATION: India
Last Update: 19/01/2021

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About

ZestMoney helps everyone live their dream today & pay in affordable EMIs. We strongly believe that being able to pay in EMI should be available to everyone and not only those who hold a credit card or have a credit score. This is why we built ZestMoney to be the fastest way to pay in EMI on popular online & offline stores. We do this by augmenting the best of mobile tech, digital banking and AI. 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 Network among other.

MEDICI Analysis

ZestMoney is a technology platform that facilitates EMI payment option for products purchased online or offline with the partner merchants without the need for credit card. ZestMoney provides online shoppers the facility to open accounts instantly with banks providing loans. Users can then avail equated monthly installments (EMI) to make purchases without having to use a credit card.

Focus

PRODUCTS & SERVICES

Automated platform to provide financing at retail checkout points. ZestMoney EMI - To provide EMI as a payment option at check out to the consumers.

REVENUE MODEL

The company earns a portion of the fees the customers pay to avail credit and also earn a fee from their e-commerce partners.

MAIN CLIENTS

Zefo

Flipkart

EMI baba

Amazon

EXISTING PARTNERSHIPS

Partnered with E-commerce firms - Help to convert more customers

increase average order size and reduce cash collection cycles. Some of the retail partners Joharishop

Zomint

Credr

Ahaaword

Uber Dreams

Onserve

Bluestone

Zopper

Fabx

Capricoast

Overcart

Kama Jewellery

etc.

PRIMARY PROBLEM SOLVED

Low credit card penetration making on-line shopping challenging

COMMENT

ZestMoney leverages technology to provide products and services typically offered by bank and financial institutions that are more innovative and much cheaper. ZestMoney offers a seamless enrollment and real-time approval process, integrated with the e-commerce check-out.

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

640,689

AVERAGE VISITS (6 MONTHS)

1,264,583.7

MONTHLY VISITS GROWTH

14.52%

VISIT DURATION

321

VISIT DURATION GROWTH

-8.56%

PAGE VIEWS VISIT

4.57

PAGE VIEWS VISIT GROWTH

-4.64%

BOUNCE RATE

26.89%

BOUNCE RATE GROWTH

-2.61%

GLOBAL TRAFFIC RANK

61,199

MONTHLY RANK CHANGE

-16,389

MONTHLY RANK GROWTH

-21.12%

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ZestMoney

About

Zest is a completely automated consumer digital lending platform. Zest enables instant account opening and credit decisioning for customers transacting online, as well as fully automated loan servicing and collections technology.

Focus

PRODUCTS & SERVICES

ZestMoney, allows a customer to set up an EMI, whilst shopping online in a seamless, real-time process, with a bank or NBFC providing the underlying loan. Since, repayment of a ZestMoney EMI does not depend on a credit card, it enables a much wider group of customers to shop on-line for a larger portfolio of products. The ZestMoney platform gathers a wide variety of data from various sources including credit information bureaus, in order to help facilitate a lending decision. This means new-to-credit customers, who may not have not taken loans in the past, may be able to avail a ZestMoney enabled EMI. Merchants on various e-commerce portals use ZestMoney’s platform. When a merchant adds ZestMoney, thet see a significant increase in customer retention and loyalty, they are able to up-sell higher value items and significantly increase checkout conversions.

TOP PROBLEM SOLVED

Low credit card penetration making on-line shopping challenging

People

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Ribbit Capital Omidyar Netowork Angels

Momentum

FUNDED

YES

FUNDING COMPLETED

NO

LISTED

NO