Fintech unicorn Cred to acquire a 100% stake in CreditVidya

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Tiger Global-backed fintech unicorn Cred to acquire a 100% stake in CreditVidya, a Kalaari Capital and Matrix Partners-backed company that offers lending as a service, for an undisclosed amount.

According to the company, the transaction is a mix of cash and stock and will be completed only after all necessary approvals are obtained. The financial terms of the transaction were not disclosed. CreditVidya’s acquisition comes less than two months after the Kunal Shah-led fintech announced plans to acquire a minority stake in its Mumbai-based lending partner LiquiLoans. Last year, in December, it acquired expense management startup Happay, and in October, it acquired liquor delivery startup HipBar Pvt Ltd.

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Fintech unicorn Cred to acquire a 100% stake in CreditVidya

Tiger Global-backed fintech unicorn Cred to acquire a 100% stake in CreditVidya, a Kalaari Capital and Matrix Partners-backed company that offers lending as a service, for an undisclosed amount.

According to the company, the transaction is a mix of cash and stock and will be completed only after all necessary approvals are obtained. The financial terms of the transaction were not disclosed. CreditVidya’s acquisition comes less than two months after the Kunal Shah-led fintech announced plans to acquire a minority stake in its Mumbai-based lending partner LiquiLoans. Last year, in December, it acquired expense management startup Happay, and in October, it acquired liquor delivery startup HipBar Pvt Ltd.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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