Lizzie Chapman, co-founder of Swiffy Labs, has stepped down from her role at the Reliance-backed financial services infrastructure startup. Chapman co-founded Swiffy Labs in August 2023 after the closure of her previous venture, ZestMoney.
Swiffy Labs specializes in building loan origination, loan management, and payment systems to support embedded financial services.
According to an ET report, a Swiffy Labs spokesperson confirmed that while Chapman has stepped away from her operational role, she will continue to be associated with the company in an advisory capacity.
startupvichar has reached out to Chapman for comments.
In 2024, Chapman launched Berkeley Square Finance Group (BSFG), where she now serves as a partner. BSFG focuses on helping lending firms raise debt funding and access capital markets to strengthen their financial capabilities. She is joined by Parikshit Chitalkar, former CTO of fintech lending startup Stashfin, and Siddharth Das, former co-CEO of Jio Financial Services (until 2019), as partners in the venture.
ZestMoney raised approximately $125 million before being acquired by DMI Group in a fire sale. Chapman, along with two other co-founders, left the company six months before the acquisition. The firm shut shop due to stringent regulations on BNPL startups, combined with a challenging funding environment.
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