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The combination will bring together two highly complementary companies, each with an excellent reputation in the alternative lending space.
The joint team will combine its complementary assets, capabilities and talented teams with the goal of making access to credit quick, seamless and widely available for the underserved in India and drive higher customer satisfaction. This merger is the next step in our journey as we accelerate our vision for credit in India.
PayU is a natural partner for us as we both strive to make finance more simple, accessible and transparent.
Our endeavor is to facilitate easy digital credit options for this new-to-credit segment and support their ambitions.
Both PayU and PaySense believe in leveraging the enormous potential of technology to unlock credit and financial services for vastly underserved consumers in India and this merger reflects our allied vision of delivering financial freedom to all. Prashanth will continue to retain a stake in the merged enterprise, while all the other investors and bitcoin atm din mumbai will exit.
PaySense is a digital consumer lending platform that provides consumers with easy access to affordable short-term loans. It leapfrogs the traditional lending channels by using intelligent data science that enables better risk-profiling of borrowers and brings consumers with no credit tracks or established credit history into the mainstream. It has over 5.
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