ZestMoney founders resign weeks after PhonePe calls off to acquisition

ZestMoney’s founders have resigned, several weeks after fintech giant PhonePe decided to halt its proposed acquisition of the buy now, pay later (BNPL) platform.

Lizzie Chapman, Priya Sharma and Ashish Anantharaman, the founders of ZestMoney, informed employees about their decision on Monday. This has put about the 100 employees at the Bengaluru-based firm in an uncertain future. The firm has been finding it challenging to raise fresh capital amid a funding winter, according to the sources.

“Over the last few weeks, we have done a lot of thinking and it has been hard for us to arrive at this conclusion. We have decided to step down from our roles as CEO (Lizzie),