What does Ashneer Grover’s ZeroPe app do? ZeroPe, cofounded by Ashneer Grover and Aseem Ghavri, is a new fintech app aimed at streamlining medical bill payments. ZeroPe is developed by Delhi-based Third Unicorn, a company established by Grover and Ghavri after the former departed from BharatPe
The app, available on the Google Play Store, is designed to simplify the loan process and facilitate effortless healthcare payments. It offers financing options of up to Rs 5 lakh for medical expenses. ZeroPe has partnered with Delhi-based non-banking financial corporation (NBFC) Mukut Finvest to serve as its lending partner.
ZeroPe aims to revolutionize the medical payment landscape, providing a seamless experience for users to manage their healthcare expenses with ease.Â
Features of ZeroPe App
1. Instant Pre-Approved Medical Loans:
- ZeroPe, in collaboration with Mukut Finvest, provides instant pre-approved medical loans of up to Rs 5 lakh.
- These loans are exclusively available at partnered hospitals and medical centers.
2. Easy Monitoring of EMIs and Payments:
- The platform helps customers monitor upcoming EMIs and payments conveniently.
3. Seamless Loan Application:
- Users begin by completing the KYC process to get a pre-approved loan limit.
- Required KYC documents include:
- Phone number
- Aadhaar card number
- PAN
4. Hospital Selection and Loan Approval:
- After KYC completion, users select a healthcare facility where ZeroPe’s loan services are applicable.
- They can then enter the desired loan amount and plan EMIs according to their convenience.
- ZeroPe approves the loan amount on behalf of the user directly to the chosen hospital.
5. Flexible Repayment:
- Borrowers can repay the loan early without incurring additional charges.
Also Read: Tata-Tesla deal ahead of Elon Musk-Narendra Modi meet: 10 points
ZeroPe’s competitors
In India’s fintech landscape, similar startups like QubeHealth and SaveIn have also emerged, offering instant financing solutions for medical emergencies. QubeHealth, which facilitates financing for medical bills, is planning to raise between $6-9 million in Series A funding.
Third Unicorn, led by Ashneer Grover and Aseem Ghavri, raised $3.5-4 million in funding from the ZNL Growth Fund in February last year. Aseem Ghavri, Co-founder of Third Unicorn, previously led Code Brew Labs, the enterprise app development company that designed BharatPe’s initial app.
Ever wondered if there was a simple and effective way of identifying multibagger stocks in 2024. You can learn here
