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PhonePe to acquire ZestMoney for $200-300 mn
The Morning Standard
|November 26, 2022
WALMART-BACKED digital payments company PhonePe is all set to acquire buy now, pay later (BNPL) company ZestMoney in a deal pegged at $200 million-$300 million, according to sources.
"The talks are on and it will be finalised in another 3-4 weeks," the sources said.
After the acquisition, ZestMoney will continue to operate as a separate entity. ZestMoney, which was founded in 2015 by Lizzie Chapman, Priya Sharma and Ashish Anantharaman, is the fastest growing consumer lending fintech company.
This story is from the November 26, 2022 edition of The Morning Standard.
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