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PayU has acquired a controlling stake in digital lending platform PaySense

Global VC Backed Funding For Alt Lenders

Payments company PayU has acquired a controlling stake in digital lending platform PaySense at a $185 million valuation, per TechCrunch.

With this move, PayU wants to expand its existing Indian consumer lending business, dubbed LazyPay. Additionally, PayU will invest $200 million in the new venture over the next two years, with $65 million being invested immediately. PaySense boasts over 5.5 million customers and had raised read more >>>

Source:: BusinessInsider.Com