Micro-savings fintech startup Siply acquired new-age chit platform myPaisaa for $7.5 million

Share via:

Micro-savings fintech startup Siply acquired new-age chit platform myPaisaa for $7.5 million. According to Siply, the acquisition is a significant step towards both startups’ shared goal of delivering fully-digital financial inclusion products to India’s underserved.

Siply customers can invest in mutual funds, gold, and other assets with micro savings starting at INR 1. Siply stated that following the acquisition, it will leverage the combined strengths of both startups to provide customers with innovative, fully digital, sachet financial services, thereby driving growth and financial inclusion in the Indian market.

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.

Popular

More Like this

Micro-savings fintech startup Siply acquired new-age chit platform myPaisaa for $7.5 million

Micro-savings fintech startup Siply acquired new-age chit platform myPaisaa for $7.5 million. According to Siply, the acquisition is a significant step towards both startups’ shared goal of delivering fully-digital financial inclusion products to India’s underserved.

Siply customers can invest in mutual funds, gold, and other assets with micro savings starting at INR 1. Siply stated that following the acquisition, it will leverage the combined strengths of both startups to provide customers with innovative, fully digital, sachet financial services, thereby driving growth and financial inclusion in the Indian market.

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.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Why vector databases are having a moment as the...

Vector databases are all the rage, judging by...

Notable Capital’s Hans Tung on the state of VC...

To some investors, “down round” is a dirty...

Mamaearth Parent To Amalgamate Two Subsidiaries With Itself To...

SUMMARY Honasa’s board approved the amalgamation of two of...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!