Fintech Startup ZestMoney Raises Funding From Alteria Capital

Bengaluru-based digital lending startup ZestMoney has raised an undisclosed venture debt funding from Indian venture debt fund Alteria Capital.ZestMoney, which enables real-time credit approval, was founded in 2015 by  Lizzie Chapman, Priya Sharma, and Ashish Anantharaman in August of last year raised $13.4 Mn in an extended Series A round of funding led by Chinese smartphone maker Xiaomi.“We are at a critical growth juncture and in a rapid expansion phase. Our determination is to enable every Indian with the power of credit, whether it is to support education, or shop for their dream commodity, ”said Lizzie Chapman – cofounder and chief executive officer (CEO) of ZestMoney.Other backers of ZestMoney, include PayU (Naspers), Ribbit Capital and Omidyar Network, who have invested in the startup that also provides its users instant account opening and digital loan servicing.