Financial services company DMI Group has acquired beleaguered buy-now-pay-later (BNPL) startup ZestMoney, the former announced in a press release on Thursday. Details about the deal size have not been disclosed.

This acquisition will enable DMI to widen its engagement with current and potential customers by adding the ZestMoney checkout financing platform to its product suite. The group will bring its customer base, balance-sheet strength and risk-management experience to drive growth across ZestMoney’s online and offline merchant networks.

Source: The Financial Express