Company Information

Get to know ZestMoney

Founded in 2015, ZestMoney was a leading digital lending platform in India that aimed to make credit accessible to a broad consumer base, including those new to credit. The company pioneered the Buy Now, Pay Later (BNPL) concept in the country, partnering with thousands of online and offline merchants to allow customers to pay for purchases in Equated Monthly Installments (EMIs) without needing a credit card. Despite its initial success and significant venture capital backing, ZestMoney faced challenges from a tightening regulatory environment for digital lending and difficulties in securing new funding, which ultimately led to the company shutting down its operations in December 2023.

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Financial Electronic PaymentPRIMARY
Financial Other Service

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ZestMoney

India

Founded in

2015 (11 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.