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Super.money Acquires BharatX
Mint New Delhi
|February 26, 2025
Super.money is aiming to address the growing demand for innovative credit on UPI solutions
Flipkart-backed UPI (Unified Payments Interface) platform super.money has acquired BharatX, a checkout financing platform, in an all-cash deal.
Prakash Sikaria, chief executive officer (CEO) and founder of super.money, told Mint that as part of the acquisition, the core team that developed BharatX will work with super.money. The team will lead BharatX for the next six months after which the arrangement will be evaluated, Sikaria added.
Sikaria did not disclose the size of the transaction or the valuation of BharatX.
With the acquisition of BharatX, primarily for its tech stack, super.money aims to address the growing demand for innovative credit on UPI solutions, the Flipkart-run company said in a statement on Tuesday.
Dit verhaal komt uit de February 26, 2025-editie van Mint New Delhi.
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