Bhargava drives development of broader financial technology ecosystem
Fintech start-up Zenpay Solutions from New Delhi has raised an undisclosed amount of funding led by AngelBay and The StartupLab with participation from investor such as Pavitra Walwekar and Naresh Vigh of Kudos Finance, Smart Kitchen founder Ashish Mittal, B21 founder Nitin Agarwal, Anant Aggarwal, Managing Director Viney Equity Market and Raghav Singhal, Director Om Logistics Ltd.
Zenpay Solutions will use the funds to expand its technology and sales team as well as to build its services to serve and support its rapidly expanding customer and corporate base.
Commenting on the successful closing of the funding round, Founder and CEO Ankit Bhargava 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.”
This is the latest round of funding, said the company in a release on 9 Nov 2021. It had earlier raised funds from friends and family round in May 2020.
Founded in 2018, 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 200,000 new customers across India and plans to create a customer base of one million customers by 2022.
According to the start-up, it has processed over Rs.600 crore in transaction volume, supporting over 150,000 blue-collar workers in the process. #technology #investment #banking #economy /fiinews.com
