About Z2P
Z2P is a company based in Hyderabad (India) founded in 2016 was acquired by PayMate in May 2018. Z2P has raised $90.23 thousand across 2 funding rounds from investors including PayMate, Veerabhadra Patil and Guneet Kaur. Z2P operates in a competitive market with competitors including MicroGraam, DailyPe, p2p Microfinance, Svadhan and Kiara Microcredit, among others.
- Headquarter Hyderabad, India
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Zaitech Technologies Private Limited
- Date of Incorporation 23 Mar, 2016
- Jurisdiction Mumbai, Maharashtra, India
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Annual Revenue
$308.66 K (USD)337.97as on Mar 31, 2019
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Net Profit
-$12.72 K (USD)-1032.7as on Mar 31, 2019
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EBITDA
-$7.68 K (USD)-404.35as on Mar 31, 2019
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Total Equity Funding
$90.23 K (USD)
in 2 rounds
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Latest Funding Round
$15.53 K (USD), Angel Round
May 08, 2017
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Investors
PayMate
& 11 more
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Employee Count
Employee Count
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Acquired by
PayMate
(May 15, 2018)
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Funding Insights of Z2P
Z2P has successfully raised a total of $90.23K across 2 strategic funding rounds. The most recent funding activity was a Angel Round of $15.53 thousand completed in May 2017. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Angel Round — $15,530
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First Round
First Round
(15 Jul 2016)
- Investors Count 11
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2017 | Amount | Angel Round - Z2P | Valuation | Veerabhadra Patil |
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| Jul, 2016 | Amount | Angel Round - Z2P | Valuation | Guneet Kaur , Mohan Deep Singh |
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Investors in Z2P
Z2P has secured backing from 12 investors, including angel investors. Prominent investors backing the company include PayMate, Veerabhadra Patil and Guneet Kaur.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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VP
Veerabhadra Patil |
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Founded Year | Domain | Location |
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GK
Guneet Kaur |
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|
Founded Year | Domain | Location |
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MD
Mohan Deep Singh |
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Founded Year | Domain | Location |
Investments & Acquisitions by Z2P
Financial Statements - Z2P
Z2p Comparisons
Competitors of Z2P
Z2P operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as MicroGraam, DailyPe, p2p Microfinance, Svadhan and Kiara Microcredit, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Microloans are facilitated via a P2P platform for rural borrowers.
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| domain | founded_year | HQ Location |
Online lending marketplace for business financing
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| domain | founded_year | HQ Location |
Operates a peer-to-peer microfinance platform.
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| domain | founded_year | HQ Location |
Developer of a microfinance marketplace app connecting lenders and microfinance customers
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| domain | founded_year | HQ Location |
Operates an online platform offering micro loans to individuals.
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Latest news on Z2p
Frequently Asked Questions about Z2P
Z2P was founded in 2016.
Z2P is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
Z2P is a funded company, having raised a total of $90.23K across 2 funding rounds to date. The company's 1st funding round was a Angel Round of $74.7K, raised on Jul 15, 2016.
Annual revenue of Z2P is $308.66K as on Mar 31, 2019.
Z2P was established in 2016 in Hyderabad, India, as a peer-to-peer lending application in the fintech sector. Microloans ranging from INR 1,000 to INR 20,000 are offered to borrowers, while lenders can invest starting from INR 500 and receive interest up to 5 per month. Flexible repayment options, including monthly or weekly EMIs, are provided, with disbursements processed within 24 hours.
Z2P's top competitors include MicroGraam, DailyPe and Svadhan.
Z2P has 12 investors. Key investors include PayMate, Veerabhadra Patil, Guneet Kaur, Mohan Deep Singh, and Mandeep Singh.
The valuation of Z2P is $760.81K as of May 2017.