Neobank startup Jupiter acquired an HR technology startup sumHR

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Neobank startup Jupiter acquired sumHR, an HR technology startup. This is the fintech startup’s second acquisition since its inception, led by Jitendra Gupta. It paid an undisclosed sum in 2021 to acquire Y Combinator-backed savings app Easyplan.

Jupiter announced last year that it had acquired the HRtech startup. According to a company spokesperson, sumHR is currently operating as a wholly-owned subsidiary of Jupiter. After the acquisition, sumHR founder Jay Thaker will continue to lead the company. While the company did not reveal the financial terms of the transaction, Inc42 has learned that ANME (Angel Network Middle East), one of sumHR’s seed investors, exited the company following the acquisition.

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Neobank startup Jupiter acquired an HR technology startup sumHR

Neobank startup Jupiter acquired sumHR, an HR technology startup. This is the fintech startup’s second acquisition since its inception, led by Jitendra Gupta. It paid an undisclosed sum in 2021 to acquire Y Combinator-backed savings app Easyplan.

Jupiter announced last year that it had acquired the HRtech startup. According to a company spokesperson, sumHR is currently operating as a wholly-owned subsidiary of Jupiter. After the acquisition, sumHR founder Jay Thaker will continue to lead the company. While the company did not reveal the financial terms of the transaction, Inc42 has learned that ANME (Angel Network Middle East), one of sumHR’s seed investors, exited the company following the acquisition.

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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