Personal loan marketplace ApnaPaisa has been acquired by loan provider Andromeda for an undisclosed sum in a stock and cash deal that allowed Intel to exit.

Semiconductor technology company Intel has exited ApnaPaisa, an India-based marketplace for personal loans, after it was acquired by loan provider Andromeda in a stock and cash deal, the Economic Times reported yesterday.

The terms of the acquisition have not been disclosed. Founded in 2007, ApnaPaisa runs an online platform allowing consumers to compare, choose and apply for personal loans.

The merger will enable ApnaPaisa to expand its business into other areas including credit cards, while Andromeda will gain access to…