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Digital lending startup Zype has raised Rs 90 crore (around $10.2 million) in a fresh funding round led by Japanese venture capital firm Unleash Capital Partners, with participation from existing investor Xponentia Capital. This takes the total equity raised by the Mumbai-based firm to Rs 236 crore since its inception in 2022. Unitus Capital acted as the exclusive advisor for the transaction. Zype operates as a non-banking finance company (NBFC) since acquiring its licence in 2023. It offers unsecured personal loans to young salaried individuals for needs like weddings, home repairs, and health expenses.
Competing with players like Fibe and Kreditbee, Zype claims to have disbursed Rs 1,300 crore in loans to date and manages an AUM of Rs 400 crore. The startup is currently operating at an annual recurring revenue (ARR) run rate of Rs 150 crore and broke even in the last quarter of FY25. It expects to report net profits starting FY26. Zype aims to continue growing profitably while building its credit profile to raise additional debt from banks and NBFCs.
About Zype
Zype is a company based in Mumbai (India), founded in 2019 by Ajay Relan and Yogi Sadana. It operates as a Provider of an app-based lending platform for personal loans. It is an Provider of an app-based lending platform for personal loans. It provides users with a company that offers lending platform which provides personal loans on their own balance sheet. It also provides users with money management, bill payments, and financial management.