India, Aug. 9 -- Update| August 09, 02:00 PM

Days after fintech startup Zype raised a funding of INR 90 Cr, which comprised INR 34 Cr as debt, its founder and chief executive Yogi Sadana today told Inc42 that the debt portion has been converted into equity.

On the utilisation of the capital, he further said that the proceeds will be deployed to expand the startup's product portfolio in tier II and III cities.

Inclusive of the current round, the founder confirmed that Zype has raised INR 236 Cr since its inception.

So far, the fintech startup has disbursed loans of about INR 1,300 Cr to its customers.

Original | August 06, 05:11 PM

Fintech startup Zype has raised INR 90 Cr ($10.3 Mn) in a mix of equity and debt funding round. The fun...