PhonePe close to acquiring ZestMoney BNPL startup

PhonePe signaled an acquisition thesis in acquisition (potential) on November 25, 2022.

Primary

PhonePe

Counterparty

ZestMoney

Structure

acquisition (potential)

Date

November 25, 2022

Sub-sector

Payments

Signals wave of consolidation in fintech in 2023 amid regulatory headwinds and funding winter pressuring smaller players.

Primary company

PhonePe

Counterparty

ZestMoney

Amount

Not disclosed

Event date

November 25, 2022

Sub-sector

Payments

HQ

Not disclosed

Structure

acquisition (potential)

Source published

December 26, 2022

Publisher

The Economic Times

Source: economictimes.indiatimes.com