Zest Money, a Buy Now, Pay Later (BNPL) platform, has raised ₹20 crore in debt. Through private placement, it has issued non-convertible debentures (NCDs) to existing investor Alteria Capital. Founded in 2015, the firm has partnered with 25 banks and non-banking entities. It works with merchants such as Amazon, Flipkart, Google Pay, among others and has over 11 million users.