Zype, a rapidly growing fintech startup focused on credit accessibility and financial well-being, has raised INR 90 Cr (approximately $10.3 Mn) in a strategic funding round. The funding includes INR 56 Cr in equity and INR 34 Cr in debt, aimed at accelerating the company’s mission of empowering millennials with smarter credit solutions and sustainable financial habits.
According to a recent Ministry of Corporate Affairs (MCA) filing reviewed by Inc42, Zype’s board has approved the issuance of 61.5 lakh equity shares at an issue price of INR 90.9 each to raise the INR 56 Cr equity portion. The equity funding comes from notable investors, including Xponentia Capital Partners, Unleash Capital Partners, and angel investor Tejinder Singh Hara.
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Breakdown of the Equity Funding
Out of the total INR 56 Cr equity infusion:
- Xponentia Capital Partners has led the round with a significant investment of INR 36 Cr.
- Unleash Capital Partners has contributed INR 17 Cr.
- Tejinder Singh Hara, an angel investor, has added INR 2.4 Cr.
This capital injection is expected to fuel Zype’s product innovation, customer acquisition strategies, and operational expansion, especially as it strengthens its offerings as a credit-first fintech platform.
INR 34 Cr Raised Through Debt via NCDs
In addition to the equity round, Zype has also secured INR 34 Cr in debt funding through the issuance of non-convertible debentures (NCDs). The board has approved issuing up to 34,000 NCDs, each with a face value of INR 10,000. Xponentia Capital Partners is the sole investor in the debt tranche, reaffirming its strong belief in the startup’s long-term vision and business model.
Zype’s Mission: Redefining Financial Wellness
Founded in 2022, Zype has quickly established itself as a key player in the fintech space by offering a credit-first financial well-being and lifestyle app. The platform enables users—particularly millennials and young professionals—to access instant credit while also promoting responsible borrowing and healthy financial habits.
In 2023, Zype achieved a significant milestone by obtaining its Non-Banking Financial Company (NBFC) license, allowing it to extend credit directly to consumers. Since then, the startup has been focused on expanding its digital credit products and enhancing user engagement through financial literacy tools and budget tracking features.
What’s Next for Zype?
With fresh capital in hand, Zype is expected to accelerate its roadmap, enhance its app’s capabilities, and expand its user base. The startup aims to use the funds for product development, hiring top tech talent, and strengthening its credit underwriting and risk management systems.
While Zype founder Yogi Sadana has not yet publicly commented on the funding round, Inc42 reports that the story will be updated pending his response.
As India’s fintech sector continues to grow at a rapid pace, startups like Zype are well-positioned to disrupt traditional financial models by offering accessible, digital-first credit solutions tailored for the younger demographic.
