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United Kingdom
2022 (4 Years)
Last online: No recent activity
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This company is currently Unproved.
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License
A Grade License
Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.
B Grade License
Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.
C Grade License
Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.
D Grade License
From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.
Get to know Zest Money Group
Company Information
Get to know Zest Money Group
Founded in 2015 by Lizzie Chapman, Priya Sharma, and Ashish Anantharaman, ZestMoney was a pioneer in India's digital lending and Buy Now, Pay Later (BNPL) market. Its mission was to make credit accessible and affordable for millions of Indian consumers who were new to credit or underserved by traditional financial institutions. The platform allowed users to sign up and get an instant credit limit, which could be used to pay for purchases in installments (EMIs) across a vast network of over 10,000 online brands and 75,000 physical stores. Despite raising significant funding and becoming a market leader, the company faced challenges from a tightening regulatory environment and difficulties in securing new capital, ultimately leading to its shutdown in late 2023.
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