Credit card bill payment platform CRED is reportedly planning to invest $10 million in peer-to-peer (P2P) lending platform LiquiLoans. With the investment, CRED would acquire a minority stake, LiquiLoans would be valued at $200 million and the two companies would form a strategic alliance, expanding...
Credit cards payment firm Cred is acquiring corporate expense management firm Happay in a cash and stock deal valued at $180 million, according to multiple reports. The move gives Cred entree to the enterprise spending space. Happay will continue operations as a separate entity but...
Newtap Technologies Pvt. Ltd., the investment vehicle of FinTech firm Cred that was founded by Kunal Shah, has acquired Parfait Finance & Investment as part of a plan to expand its FinTech platform into the lending space, sources told Economic Times of India for a...
Six months after a funding round that put its valuation at $2.2 billion, India’s CRED is hoping to double that figure. As TechCrunch reported Monday (Oct. 11), the startup, which helps people boost their credit scores by assisting them with on-time bill paying, has begun...
August 05, 2024
The Reserve Bank of India’s (RBI’s) offer to allow payment firms to enable eRupee transactions via their platforms has reportedly been taken up by five such firms. Google Pay, Walmart-backed PhonePe, Amazon Pay, Cred and Mobikwik have applied to join the Indian central bank’s digital currency pilot, Reuters reported Monday (Aug. 5), citing unnamed sources. The companies declined to comment, according to […]
September 16, 2022
Credit card bill payment platform CRED is reportedly planning to invest $10 million in peer-to-peer (P2P) lending platform LiquiLoans. With the investment, CRED would acquire a minority stake, LiquiLoans would...
December 01, 2021
Credit cards payment firm Cred is acquiring corporate expense management firm Happay in a cash and stock deal valued at $180 million, according to multiple reports. The move gives Cred...
November 17, 2021
Newtap Technologies Pvt. Ltd., the investment vehicle of FinTech firm Cred that was founded by Kunal Shah, has acquired Parfait Finance & Investment as part of a plan to expand...
