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PayU buys Indian consumer lending platform PaySense at $185 mn valuation
short by Dharna / on Friday, 10 January, 2020
Naspers-owned digital payments company PayU is acquiring a controlling stake in Mumbai-based fintech startup PaySense at a valuation of $185 million. PayU said it plans to merge the five-year-old consumer lending platform with its own credit business LazyPay. PayU said that it will invest $200 million, $65 million of it immediately, into the new entity over the next two years.
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