Zype plans to deploy the funds for buildingits technology platform, expanding the team and customer acquisition
Mumbai-based Private Equity Fund Xponentia Capital announces investment in Fintech start-up Zype mentored by industry veteran Vivek Vig.
Zypeis a new-age FinTech platform which aims toimprove accessibilityto credit for millennials and help them develop sustainable financial habits. Zype’s management team is led by Yogi Sadana - Founderand CEO,who has deepFintech experienceand has held several leadership positions with Indian and multinational organizations in the past.
Speaking on the fund raise Yogi Sadana, Founder & CEO of Zype said, “We are in the process of building Zype, a customer-first platform where we intend to offer creditproducts and interactive money management tools.Our passionate young team has been dedicatedly working on the technology platform. Weare glad to have the backing of Devinjit Singh & P R Srinivasan of Xponentia Capital and,Vivek Vigwho have a long record of creating value in financialservices.”
PR Srinivasan, Managing Partnerof Xponentia Capital said, “We truly look forward to working with Vivek, Yogi &the team of Zype to create inroads in the fintech ecosystem of India.The future of fintech in India looks robust and with theZype management team’sexperience in technology, risk management, finance& payments, we are confident that Zypewill play a key role in the fintech industry.”
Vivek Vig, Mentor and Board member said, “I am sold on Zype’svision 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 had to hardly change our direction. This was possible because we always kept the customer and all required compliances at the centre of our product development, from the get-go. Our focus currently will be to invest heavily on our technology stack, continue scouting for exciting talent across multiple functionsand for the go-to-market operations 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 1000crores. Xponentia Opportunities Fund I and Fund II are Alternative Investment Funds registered with Securities Exchange Board of India. Xponentia Capital Partners LLP is also a licensed Co-Invest PMS manager for managing unlisted investments by unitholders of 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 sectors.
About Zype
Zype is an upcoming, credit-first financial well-being & lifestyle app. We help our customers make their aspirational lifestyle affordable, while helping to make responsible financial decisions & positively contribute to their financial well-being.
With a fully digital & seamless user experience, we are helping the next generation of credit users get instant credit & always have access to money when they need it. This combined with Zype’s intuitive money management tools can help them manage their spends, get bill reminders & make timely payments, all on one single app.
We, at Zype, challenge ourselves every day to deliver an exceptional experience to our users. We are passionate about what we do & leverage the latest technology to add exceptional value to the lives of our customers.
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