NepFin is a venture-backed commercial lending fintech that provides debt funding to help entrepreneurs and investors grow small and medium-sized businesses in the US. The acquisition of NepFin, of which financial details have not been disclosed, will help Zilch realise its plans to scale its US team. Zilch was able to make the purchase thanks to its latest extension of its USD 110 million Series B funding round.
Through the use of open banking, the fintech ensures that customers can afford to repay their deferred purchases by using real-time insights into a consumer’s financial wellbeing and current expenditure.
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