Xponentia Capital Leads INR 146 Cr As Investment In Fintech Startup Zype
Zype plans to use the funds to build its technology platform, expand its team and acquire customers
Mumbai-based Private Equity Fund Xponentia Capital announces investment in Fintech startup Zype led by industry veteran Vivek Vig.
Zype is a new age FinTech platform that aims to improve access to credit for millennials and help them develop sustainable financial habits. Zype’s management team is led by Yogi Sadana – Founder and CEO, who has deep Fintech experience and has held several leadership positions with Indian and multinational organizations in the past.
Talking about the fundraising Yogi Sadana, Founder and CEO of Zype so, “We are in the process of building Zype, a customer-first platform where we intend to offer credit products and interactive money management tools. Our passionate young team has been working dedicatedly on the technology platform. We are delighted to have the support of Devinjit Singh & PR Srinivasan of Xponentia Capital and Vivek Vig who have extensive experience in creating value in financial services.”
PR Srinivasan, Managing Partner at Xponentia Capital so, “We really look forward to working with Vivek, Yogi and the Zype team to make inroads into the fintech ecosystem in India. The future of fintech in India looks robust and with the Zype management team’s experience in technology, risk management, finance and payments, we are confident that Zype will play a key role in the fintech industry.”
Vivek Vig, mentor and board member said, “I am sold on Zype’s vision and Yogi’s leadership. I believe in the team’s ability to build an iconic company and capture the opportunity that the next decade has to offer.”
Yogi further added, “Interestingly when RBI’s digital lending guidelines were announced, we hardly had to change direction. This was possible because we always kept the customer and all necessary compliances at the center of our product development, right from the start. Our focus at the moment will be investing heavily in our technology stack, continuing to look for exciting talent across multiple functions and to go to market in the coming months.”
About Xponentia Capital Partners LLP
Xponentia Capital Partners LLP (Xponentia) is a mid-market private equity firm with AUM of more than INR 1000 crores. Xponentia Opportunities Fund I and Fund II are alternative investment funds registered with the Securities Exchange Board of India. Xponentia Capital Partners LLP is also a licensed Co-Invest PMS manager to manage unlisted investments of Unitholders in Fund I and Fund II. Xponentia seeks to invest INR 500 million to INR 2 billion in businesses promoted and managed by first generation entrepreneurs in consumer, financial services, business services and healthcare.
About Zype
Zype is an upcoming, credit-first financial wellness and lifestyle app. We help our clients make their ambitious lifestyles affordable, while helping them make responsible financial decisions and positively contributing to their financial well-being.
With a completely digital and seamless user experience, we help the next generation of credit users to get immediate credit and always have access to money when they need it. This combined with Zype’s intuitive money management tool can help them manage their spending, get bill reminders and make timely payments, all in a single app.
We at Zype challenge ourselves every day to deliver an exceptional experience to our users. We are passionate about what we do and leverage the latest technology to add exceptional value to the lives of our customers.
