PE-VC Fund Investments
Personal loans provider Zype secures Rs.34-Cr from Xponentia Capital
Mumbai-based fintech platform Zype has secured INR 34 crore (USD 4 million) in debt funding from existing investors Xponentia Capital (through Xponentia Opportunities Fund II) through the issue of non-convertible debentures (NCDs). The new funds will be used to augment the long term working capital needs of the company.Founded in 2022 by Yogi Sadana, Zype provides instant personal loans of up to INR 2 lakh with flexible repayment options. In addition to lending, it offers a credit analyzer to help users monitor their spending and a bill payment feature that rewards users with cashback.
In Dec 2022, Zype had attracted about USD 18 M from PE-VC investors.For FY24, Zype had reported about INR 20 Cr in Operating Income and about INR 7 Cr in Net Loss.
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