Zype, has disbursed 100,000 loans so far and aims to expand its book size to 500 crores in next 12 months.
Yogi Sadana, Founder and CEO, Zype, said that, “Our next phase of growth aims to increase our reach and user acquisition while expanding our loan book size to 500 Crores in the coming four quarters. We are committed to making credit more accessible to millennials and helping them develop sustainable financial habits.”
Sadana continued, “Zype is built on the foundation of an intuitive user experience, personalized offers tailored to users’ credit profiles, and transparent credit terms. Users have consistently found our app to be one of the easiest to use and highly transparent about credit terms.”
Zype had raised its first investment round of USD 18 million from private equity firm Xponentia Capital and Vivek Vig.
Yogi Sadana emphasized, “We are focused on expanding across various verticals, enhancing our technological infrastructure, and investing in customer acquisition channels while keeping compliance and risk management at our core. Our primary objective remains to create an institution and lay the groundwork for long-term profitability.”