Digital Banking Startup Freo Acquires Credit Marketplace IndiaLends

by · Inc42

SUMMARY

  • Digital banking startup Freo has acquired a 100% stake in credit marketplace IndiaLends to expand its reach
  • Freo said the deal will merge its financial products and regulatory licences with IndiaLends' marketplace capabilities and distribution
  • Following the acquisition, the combined entity will look at a large capital raise to enable its next phase of profitable growth