ZestMoney Co-Founders Resign
Move comes two months after a deal to be acquired by PhonePe fell through
https://www.livemint.com/companies/start-ups/lizzie-chapman-and-other-co-founders-of-zest-money-resign-11684164533355.html
These founders have a history of misappropriation before ZestMoney as well.
I feel sorry for the employees, I think investors will wash off their hands now. They have recovered some investments by selling tech/nbfc license (not sure) to PhonePe
Two or three more companies are going down the same lane, they are literally thugs scamming your Credit score and also harassing. Fibe or Earlysalary is also equally notorious
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Zestmoney acquired by DMI Finance
After announcing that they are closing at the end of December, now they are acquired.
DMI Finance was in the fray to acquire ZestMoney. Aditya Birla Finance, Piramal and Hero Fincorp who were also in the race had backed out ci...
https://www.moneycontrol.com/news/business/companies/dmi-group-acquires-bnpl-startup-zestmoney-in-a-fire-sale-deal-12072291.html/amp