 "Digital lending platform ZestMoney raises $13.4 mn funding led by Xiaomi")
The Bengaluru-headquartered digital lending platform ZestMoney has raised $13.4 million (around Rs 920 million) in the latest round of funding led by Chinese smartphone manufacturer Xiaomi.
The new round, which was part of an extended series A funding, also saw the participation of ZestMoney's all three existing investors —PayU, Ribbit Capital and Omidyar Network. After this round, the total funds raised by the lending platform touched $22 million.
The company said that the funds would be utilised to strengthen its technology and data science capabilities along with the expansion of its affordability product basket.
"We are excited to have Xiaomi
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