Zest Money’s Lizzie Chapman, other co-founders resign after PhonePe deal fails
Live MintTwo months after a deal to be acquired by Walmart-owned PhonePe fell through, all the three founders of the Bangalore-headquartered digital lending platform ZestMoney have resigned, plunging the eight-year-old company and some 100 employees into uncertainty. We have decided to step down from our roles as CEO, CFO & COO, and CTO at ZestMoney,” CEO Lizzie Chapman wrote in an email to employees Monday evening. ZestMoney was a Buy Now, Pay Later platform, which effectively permitted customers to avail instant digital loans, which were extended by the non-banking financial company Nahar Credit, which Zest Money acquired in 2019. Below is the email Chapman wrote to employees Monday evening: Dear Zesties Priya, Ashish, and I started ZestMoney almost 8 years ago with a dream of making life affordable for millions of Indians.
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