PayU India

NestAway is finding itself in the middle of a major structural overhaul

PayU India MD and cofounder Shailaz Nag has resigned from his role

LinkedIn appointed Ashutosh Gupta as country manager for India

The move is in line to become a full-service financial player around credit biz

The company recently got approval for an NBFC license

PayU India is owned by South Africa-based Naspers

PayU India’s CEO Amrish Rau looking to transition to Naspers’ fintech business

Spencer Neumann has joined Netflix as its chief financial officer

Square appointed Amrita Ahuja as its chief financial officer

PayU India accounted for more than 50% of PayU’s business

It processed over 400 Mn transactions in H1 FY19

PayU India’s competitor BillDesk grew revenues by 15% for FY18

PayU India accounts for more than half the overall business of PayU

Naspers continues to build a broader credit platform in India

Gained a 29% return on Flipkart sale, invested an additional $79 Mn in Swiggy

PayU plans to bolster its effort in laying the foundation for its credit business

With NBFC license PayU will launch new products to address the new segment

NBFC license will help PayU expand its payment service PayUMoney and LazyPay

• PaySense has raised funds after selling an undisclosed stake
• PayU had earlier invested in PaySense in the year 2017
• PaySense is constantly innovating to serve financially undeserved population using net new ways of assessing these customers through our instant credit decisioning models

PayUMoney Wallet Will Shut Down Its Operations With Effect From January 31, 2018

Existing investors Matrix Partners India, Falcon Edge Capital, DSG Consumer Partners Add Funds

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