Sunday, May 19, 2024
Outlook.com
Outlook India
Outlook Business

airpay Acquires Personal Financial Management Start-Up Finfinity Tech

Finfinity Technologies has partnered with more than 40 banks and financial institutions and offers access to over 150 products

airpay Acquires Personal Financial Management Start-Up Finfinity Tech

Press Trust Of India

POSTED ON November 25, 2023 10:03 AM

Integrated financial services platform airpay on Friday announced the acquisition of Finfinity Technologies, a Delhi-based personal finance management start-up and the developer of Finmapp app.  

The acquisition would fortify airpay's integration play across the 'payments to lending to investing' ecosystem, the company said in a release.  

The company did not reveal the financial details of the transaction.  

Upon finalisation of the deal, Finfinity's team, comprising founders and all employees, will be absorbed within airpay, it said.  

"The acquisition, expected to be completed by March, will also aid the airpay's expanding global play -- enabling it to extend its integrated proposition of 'payment to lending to investing' across its target markets," the release said.  

Incorporated in September 2020, Finfinity Technologies has partnered with more than 40 banks and financial institutions and offers access to over 150 products.   

"We believe there are synergies in vision, tech prowess, and value proposition among both the companies that led us to our first-ever acquisition in our 11+ years journey," airpay Founder and MD Kunal Jhunjhunwala said.  

airpay has collaborated with over 200 financial institutions and about 1,000 business partners worldwide. 

  • Related Articles

    Applications for this transformative program will open on December 13, 2023, on the WEP website

    WEP and MakeMyTrip Partner To Empower Women HomeStay Owners In North-Eastern Region

    NeevCloud aims to solve fundamental customer problems in India related to accessibility, environmental impact, support, self-reliance, and fostering innovation in cloud and AI technologies

    NeevCloud Unveils AI SuperCloud To Foster AI Self-Reliance

    CPO exit marks the 8th exit (full or partial) for VenturEast since the beginning of 2021

    VenturEast Exit from Comprehensive Prosthetics And Orthotics