After the PhonePe transaction collapsed, Lizzie Chapman, the CEO of ZestMoney, resigned

A digital lending firm called ZestMoney is battling uncertainty as a result of the resignation of all three of its founders.

[{"selector":"#anim-97f46bfa-7e64-4baf-af5a-7ab5d1d0152c","keyframes":{"transform":["translate3d(-104.18849%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-82b3a6d8-c1b9-4e81-bb1d-da35f531838f","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-286585a8-06c9-4bb1-ab66-998a3c4c7905","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

There are currently only about 100 people working for ZestMoney, which originally had a 500-person workforce.

[{"selector":"#anim-1d1c9c7c-597f-4775-8614-2bb1020c088f","keyframes":{"transform":["translate3d(103.66491%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-13ac4127-ad70-4f51-89e9-c74a4500a19b","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-d94a79ec-9c15-453b-a2d8-6e185d0e0682","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}]

The Bangalore-based business, established in 2015, was a pioneer in the “Buy Now, Pay Later” market.

[{"selector":"#anim-eec2be41-a91e-4d3a-b8bb-1724d8120d72","keyframes":{"transform":["translate3d(-104.18849%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-58371f9f-e9b6-4e6e-96fb-d36955ab4f36","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-55e65a4b-2b49-4574-9449-63d77b5772a9","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read more

Due to worries about ZestMoney’s credit quality, the transaction was unexpectedly terminated in March.

[{"selector":"#anim-a712c908-3b39-4026-b9e0-781ef2581fcc","keyframes":{"transform":["translate3d(103.66491%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dca19bd5-a311-4ce3-8bb7-0e1d9a67dddc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b3bea826-ee8b-4de1-8f75-6653a1dca0ca","keyframes":{"transform":["scale(0.15)","scale(1)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"forwards"}] Read more