Smartphone maker Xiaomi Inc has led a US$13.4 million extended series A round in Indian digital lending platform ZestMoney. The follow-on round witnessed the participation of existing investors including PayU, Ribbit Capital and Omidyar Network, according to a local media report. Founded in 2015, Bengaluru-based ZestMoney enables instant account opening and real-time credit approval, digital loan servicing and repayments. It has partnered with e-commerce companies such as Amazon, Flipkart, UpGrad and Zefo to enable financing at the checkout and equated monthly …

Xiaomi Lead $13.4M Extended Series A Round In Indian Digital Lending Platform ZestMoney appeared first on China Money Network.