PayU will acquire 80% of portfolio company PaySense at a $185m valuation and is channelling $200m of investment into the online lender.
PayU, the mobile payment division of media and e-commerce group Naspers, has agreed to buy a majority stake in India-based online lending platform and portfolio company PaySense at a valuation of $185m, the Economic Times reported today.
PayU, an existing shareholder in PaySense, will conduct the all-cash deal in a two-stage process over the next two years , beginning with all the other investors exiting. PaySense will then merge with PayU’s lending platform, Lazypay.
Founded in 2015, PaySense offers personal…
