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Fintech Zype Raises Rs 146 Crore

Dec 14, 2022about 3 years ago

Amount Raised

₹1.46 Billion

MumbaiLendingFinancial Services

Investors

Xponentia Capital

Description

Fintech startup Zype on Wednesday said it has raised Rs 146 crore in a funding round led by city-based private equity fund Xponentia Capital. Zype, which is focused on upping credit accessibility to millennials and help them develop sustainable financial habits, will deploy the funds for the technology platform, expanding team and customer acquisition, as per a statement.

Company Information

Company

Zype

Location

Mumbai, Maharashtra, India

About

Zype is an upcoming, credit first financial well-being & lifestyle app for millennials. Our goal is to make their aspirational lifestyles affordable while helping them make responsible financial decisions. We are a team of people with necessary experience and skills to build a successful company, backed by a marquee Private Equity firm and have an accomplished Board of Directors with vast experience in Banking & Financial Services. At Zype, we believe in a culture of ownership so that you feel more empowered to do great work while the organisation takes your career growth & aspirations very seriously.

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Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers