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PayU Acquiring Indian Fintech Lender PaySense for $185 Million

PayU Acquiring Indian Fintech Lender PaySense for $185 Million

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FintechNews RoundupUSA
··1 min read

PayU is a largest payments processor in India and it is continuing its moves into lending in that country with the acquisition of fintech lender PaySense for $185 million; PayU already has a lending arm in India called LazyPay and PaySense will be merged into that business; former LendingClub executive Sid Jajodia, now the Global Head of Credit for PayU, said that cumulatively, the two services have disbursed over $280 million in credit to consumers; he aims to take this to “a couple of billion dollars” in the next five years; both services are primarily consumer lenders but Jajodia said that they may expand into offering credit to small and medium sized businesses. Tech Crunch

  • Emily Donato

    With efforts in many different areas of the team, she helps manage, organize and execute digital and event content. She works with webinars, podcasts, social media along with managing the hundreds of speakers that attend our conferences. Emily was a part of the Zimmerman Advertising Program at the University of South Florida. She graduated in 2019 receiving a Bachelor of Science in Business Advertising.

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