Company

ZET

Credit building and UPI payments

Updated 8 November 2026

ZET revenue, valuation and funding

It has raised $18 million in total, as reported by StopDown on 21 January 2026.

ZET revenue, valuation and funding
Total raised	$18 million

Each figure links to the story that reported it.

ZET key facts

What it doesCredit building and UPI payments Story
StatusPrivate

$18 millionTotal raised (reported)Jan 2026

Timeline

2026
Jan 2026 Approved by NPCI; launched ZET UPI on RuPay credit cards CNBC TV18

The short version

ZET, formerly OneCode, issues secured credit cards backed by fixed deposits to help people with no credit history build a score. CNBC TV18
Yash Desai and Manish Shara are the co-founders. CNBC TV18
In January 2026 it got approval from NPCI and launched ZET UPI, letting users pay through RuPay credit cards linked to UPI. CNBC TV18
ZET Plus subscribers get 2% cashback on UPI payments made this way. RBL Bank is the banking partner and Juspay runs the UPI layer. CNBC TV18
It has raised over $18 million from investors including Peak XV, General Catalyst, Nexus Venture Partners and WaterBridge Ventures. CNBC TV18

Products

Secured credit card: Credit card backed by a fixed deposit, with a minimum deposit of Rs 2,000. CNBC TV18
ZET UPI: UPI payments through linked RuPay credit cards, with 2% cashback for ZET Plus subscribers. CNBC TV18
ZET Plus: Subscription at Rs 3 a day with zero convenience fees and cyber fraud cover. CNBC TV18

People

Yash Desai: Co-founder CNBC TV18
Manish Shara: Co-founder CNBC TV18

Licences and legal

Jan 2026 NPCI approval to operate in the UPI ecosystem CNBC TV18

Questions people ask about ZET

How much funding has ZET raised?

ZET has raised over $18 million in total, according to January 2026 coverage. Backers named include Peak XV Partners, General Catalyst, Nexus Venture Partners and WaterBridge Ventures, plus angels Kunal Shah and Amrish Rau. Round-wise amounts were not given in the source. CNBC TV18

What does ZET do?

ZET gives credit-invisible Indian adults a secured credit card backed by a fixed deposit, so timely repayments build a credit score. In January 2026 it added ZET UPI, which lets users pay over UPI using a RuPay credit card. CNBC TV18

What is ZET UPI?

ZET UPI, launched in January 2026 after NPCI approval, lets users make UPI payments through a RuPay credit card. ZET Plus subscribers receive flat 2% cashback on these payments. Juspay provides the UPI infrastructure and RBL Bank the banking support. CNBC TV18

Every line links to the article it came from, written in our own words. Not investment advice. Profile updated 2026-11-08.

Stories cover its launch news. Sectors: Financial Services.

The founders

Yash Desai

Co-founder

Manish Shara