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Announced

DMI Group to acquire ZestMoney.

Synopsis

DMI Group, a pan-India financial services platform, agreed to acquire ZestMoney, a fully automated digital customer onboarding and servicing system. Financial terms were not disclosed. “ZestMoney has been a pioneering provider of checkout finance in India. We are always looking for best-in-class solutions to enhance both the engagement with - and the experience of - our customer and merchant base. We have been partnered with ZestMoney for 8+ years in various capacities. We firmly believe that this acquisition will be an important step in our journey to provide digital financial inclusion at scale across India,” Shivashish Chatterjee, DMI Group Co-founder and Joint Managing Director.

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