Fintech Startup Zenpay raises Angel Round
- ByStartupStory | November 10, 2021
The new age fintech startup Zenpay has raised an undisclosed amount in its angel round of investment led by AngelBay and the Startup Lab. The round also saw participation from investors such as Pavitra Walwekar and Naresh Vigh of Kudos Finance, Ashish Mittal (Founder of Smart Kitchen), Nitin Agarwal (Founder of B21), Anant Aggarwal (Managing Director of Viney Equity Market) and Raghav Singhal (Director Om Logistics Ltd).
The startup intends to utilize the freshly infused capital 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.
Talking about the recent infusion of capital, the founder and CEO of Zenpay Solutions, Ankit Bhargawa, commented, “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.”
Founded in 2018, Zenpay Solutions is a fintech startup that serves the rural and semi-rural sector by providing them access to banking services. The company claims to have benefited 150,000 customers across India and intends to expand its reach to 200,000 new customers within the next month. The startup has processed INR 600 Crore in transaction volume till date.
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