New Delhi, Dec. 26 -- The AI-driven EMI financing platform ZestMoney has announced a strategic financial partnership with Northern Arc Capital that aims to address the growing demand for EMI financing in India. Under the long-term partnership, Northern Arc Capital has deployed $14 million till date and plans to fund various products offered by ZestMoney in a phased manner. ZestMoney aims to disburse $400 million in the next one year to improve access to credit in the country where credit card penetration remains very low.
Northern Arc Capital has been instrumental in enabling financial inclusion in India by providing financial institutions that target lending to middle-income households and small businesses with critical access to debt cap...