Lending taps starting to dry up for crisis-hit ZestMoney

The sudden exit of ZestMoney founders after its planned acquisition by PhonePe failed has compounded the challenges for the fintech startup with its already clogged lending taps likely to dry up.

ZestMoney is clocking a fraction of the business it was processing even a few months ago, mainly because its lenders are scaling down their exposure to the company, two people in the know told ET.