BharatPe co-founder re-enters the fintech sector: Ashneer Grover brings ‘ZeroPay’, this app gives prompt pre-approved medical mortgage as much as Rs 5 lakh

BharatPe co-founder and former managing director Ashneer Grover has entered the fintech sector for the second time with medical mortgage app ‘Zeropay’. In line with the Google Play Retailer itemizing, ‘Zeropay’ is developed by Third Unicorn Pvt Ltd, which gives loans of three, 6, 9 and 12 months period.

ZeroPay has partnered with Delhi-based non-banking monetary firm (NBFC) Mukut Finvest to offer loans, which gives prompt pre-approved medical loans as much as Rs 5 lakh. Nevertheless, this service is out there completely in partnered hospitals.

Unicorn was launched by Ashneer Grover in January 2023.
After leaving BharatPe, Ashneer Grover alongside along with his spouse Madhuri Jain Grover and Chandigarh primarily based entrepreneur Aseem Ghavri launched Third Unicorn in January 2023. The third unicorn debuted with CricPay, which competes with apps like Dream11, Games24x7 and My 11 Circle.

Co-founder Ashneer Grover is in controversy since 2022
Bharat Pay co-founder Ashneer Grover has been in controversy since 2022. The principle cause behind this was an audio of Ashneer that went viral. On this, he was heard talking derogatory language to an worker of Kotak Mahindra Financial institution. Other than this, he was additionally accused of behaving towards the foundations of the corporate.

After receiving a grievance towards Ashneer and his spouse, the corporate determined to conduct an investigation. On this investigation, his spouse Madhuri Jain Grover was discovered concerned in misappropriation of cash. She was accused of utilizing firm cash to purchase private magnificence remedies, digital merchandise and a household trip to America and Dubai.

Funds to non-public workers have been additionally comprised of the corporate account and faux receipts have been made and introduced to identified folks. After this he was dismissed from the corporate. Then Grover appealed towards the choices of his personal firm within the Singapore Worldwide Arbitration Middle (SIC). Right here additionally he needed to face defeat. After this, Ashneer needed to go away the Bharat Pay firm in March 2022.

What’s a fintech firm?
FinTech is the quick title of ‘Monetary Expertise’. This know-how is utilized in on-line cash transactions. By way of this, work associated to cash transactions, digital loans, financial institution work, cryptocurrency and so forth. is finished on-line via any app.