Hi Gujarat
Menu
  • Home
  • Business
  • Lifestyle
  • Health
  • Education
  • National
  • PR
Menu

Fintech start-up Zenpay Solutions raises angel round from a group of investors led by The StartupLab and AngelBay

Posted on November 9, 2021 by Hi Gujarat Webdesk

Zenpay Solutions is helping the unbanked blue-collared workers of India by providing banking solutions, thereby driving financial inclusion to the Indian Economy

New Delhi (India), November 09: Fintech start-up Zenpay Solutions has raised an undisclosed amount of funding led by AngelBay and The StartupLab with participation from investors such as Pavitra Walwekar and Naresh Vigh of Kudos Finance, Ashish Mittal – founder of Smart Kitchen, Nitin Agarwal – founder of B21, Anant Aggarwal, Managing Director Viney Equity Market & Raghav Singhal, Director Om Logistics Ltd. in their latest round of funding. The company had earlier raised their friends and family round in May 2020.

Founded in 2018, In a short period, Zenpay has benefitted over 150,000 customers across India by increasing its reach and targeting customers, especially from the semi-rural and rural sectors who do not have access to banking services. Over the next six months, the company aims to expand its reach by creating 2,00,000 new customers across India and plans to create a customer base of 1 million customers by 2022.

According to the start-up, it has processed over INR 600 cr in transaction volume, supporting over 150,000 blue-collar workers in the process.

According to Zenpay Solutions, the fresh capital will be used to expand its technology and sales team and to build its services to serve and support its rapidly expanding customer and corporate base.

Commenting on the successful closing of the funding round, Ankit Bhargava, founder & CEO of Zenpay Solutions, said: “Zenpay Solutions is driving the development of a much richer, broader financial technology ecosystem that goes well beyond banking to include Rural and Blue Collared Workforce. Our products will create the much-needed affordability for blue-collar workers and allow us to build digital banking solutions for individuals who may not have had access otherwise.”

Leave a Reply Cancel reply

Your email address will not be published.

Recent Posts

  • Yokogawa Enters Investment and Collaboration Agreement with Ideation3X, a Startup Taking a Circular Economy Approach to Waste Management in India
  • Shri Keshav Cement & Infra 9m FY23 net profit up 348%
  • India’s Youngest Entrepreneur Mohammad Afzan Hasan Purchased a New VIP Car
  • Sushim Gaikwad & Karan Rajora win Dada Saheb Phalke IT award 2023 for best production house
  • RupeeBoss Financial Services launches “MSME Bharat Manch” – A Nation-wide Initiative to Empower MSMEs

Recent Comments

  • Zoonvance on Shreeram Papads announces its newest Brand Ambassador- Welcomes Shweta Tiwari
  • fish care on Sankalp Life Care, Vaishali Pharma sign unique partnership agreement, a first in nutraceuticals market
  • WillieCog on Rama Steel Tubes Ltd. Board consents to issue convertible warrants as Company looks to raise funds
  • Gypeplamp on Some Real Achievers Felicitated By Shri Devendra Fadnavis At The Versova Mahotsav
  • Davidreupt on Paras Mehta: The most talked producer in B-town

Archives

  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020

Categories

  • A
  • Business
  • Design
  • Education
  • English
  • Entertainment
  • Health
  • Hindi
  • Lifestyle
  • National
  • Press Release
  • Sports
  • Technology
  • Uncategorized
  • World
  • एजुकेशन
  • गुजरात
  • नेशनल
  • बिज़नस
  • लाइफस्टाइल
  • हेल्थ

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org
©2023 Hi Gujarat | WordPress Theme by Superbthemes.com