Friday, 24 March, 2023

PayU to acquire fintech leader PaySense

<p style="text-align:justify"><span style="font-size:11pt"><span style="font-family:Calibri,sans-serif"><span style="font-size:12.0pt">Netherlands headquartered fintech firm PayU will acquire a controlling stake in PaySense and all its assets for $185 million. The Prosus ventures owned company would also restructure its lending operations through a merger of its online credit platform LazyPay with PaySense. As per the deal, PaySense CEO will only continue to retain a stake in the merged entity, will all the other stakeholders and investors will exit. </span></span></span></p>