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CRED to acquire Happay in deal valuing platform up to $180 million
short by Aishwarya Awasthi / on Wednesday, 1 December, 2021
CRED will acquire corporate expense management platform Happay in a cash and stock deal, valuing the platform up to $180 million. Post the acquisition, Happay will operate as a separate entity, and all of its 230 employees will be eligible for benefits extended to CRED's employees. Happay claims to be managing work-related expenses of over one million users globally.