DMI, backed by a substantial $1.5 billion in equity investment from global institutional investors and international banks, didn’t reveal the value of the deal
ZestMoney's decision to shut down comes after it couldn't recover its business following unsuccessful acquisition talks with fintech major PhonePe in March this year
A recent report from the US Consumer Financial Protection Bureau (CFPB) stated that users of BNPL products typically had lower credit scores and limited savings
Suffering from high losses, a growing mound of bad loans and failure to convince PhonePe for a merger deal, ZestMoney will have to rethink its growth strategies if it is to make a turnaround
