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| Phonepay |
In a setback for the buy-now-pay-later platform supported by Goldman Sachs, PayU, and Xiaomi, PhonePe, which is backed by Walmart, has canceled its agreement with Zest Money due to concerns regarding due diligence.
Zestmoney
Founded in 2016 by Lizzie Chapman, Priya Sharma, and Ashish Anantharaman, ZestMoney provides credit disbursements worth Rs 400 crore each month and has 17 million customers. The company has formed alliances with 10,000 internet brands and 75,000 physical stores, in addition to partnering with 27 lending partners.
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