PayU is acquiring a controlling stake in fintech startup PaySense at a valuation of $185 million and plans to merge it with its credit business LazyPay as the nation’s largest payments processor aggressively expands its financial services offering. PaySense, which employs about 240 people, has served more than 5.5 million consumers to date, a top executive said. Prior to today’s announcement, PaySense had raised about $25.6 million from Nexus Venture Partners, and Jungle Ventures, among others.
PayU acquires controlling stake in Indian credit business PaySense, to merge it with LazyPay
Source: Yahoo.com – Technology