Zenpay Solutions, a fintech startup, announced that it has raised an unknown amount of money from AngelBay and TheStartupLab, as well as angel investors.
Zenpay, a fintech firm founded in 2018, provides banking services to small and medium businesses (SMEs) that employ blue-collar workers.
Zenpay plans to use the new funds to expand its technical and sales teams, as well as expand its service offerings to better serve and support its customer and corporate base.
Speaking on the funding round, Ankit Bhargava, Founder and CEO, Zenpay Solutions, said, “Zenpay Solutions is driving the development of a much richer, broader financial technology ecosystem that goes well beyond banking to include rural and blue-collared workforce. Our products will create the much-needed affordability for blue-collar workers and allow us to build digital banking solutions for individuals who may not have had access otherwise.”