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Zype claims Rs 75 Cr monthly disbursal with own collection infra

Entrackr · 1y

Zype, a financial well-being and lifestyle app, recently raised $18 million and emerged from stealth mode. The app offers short-term personal loans to retail individuals, with interest rates of 26-27% annually. Zype claims to have over 1.5 million app installs and 950,000 registered users since its launch. The company primarily lends for purposes such as two-wheelers, travel, medical emergencies, and education. It handles collections internally and aims to increase its loan book to Rs 500 crore within a year. Zype competes with MoneyTap, Fibe, Uni, and KreditBee in the personal loan space.