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.
