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Satin Creditcare Network to acquire ~9% stake in Rupyo; Stock gains 3%

Rupyo is inter alia engaged in the Business of Earned Wage Access related solutions.

December 14, 2021 9:16 IST | India Infoline News Service
Satin Creditcare Network Limited (“Company”) has entered into an agreement to acquire ~9% stake in Jay Kay Financial Technologies Private Limited (“Rupyo”).

As per regulatory filing, Jay Kay Financial Technologies Private Limited (“Rupyo”) is inter alia engaged in the Business of Earned Wage Access related solutions.

The Company aims to support growth of early stage Indian Fin-tech start-ups and stand with them in building significant scale to achieve its vision.

The Rupyo is engaged in Earned Wage Access related solutions, a start-up (fin-tech) founded by Shivin Khanna & Pragun Jindal. It was incorporated on August 22, 2020 and having its registered office at Delhi.

On  Tuesday early morning trade, Satin Creditcare Network was trading at Rs101.10 per piece higher by 3.32% on Sensex.

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