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New Deal


Announced

Cred to acquire Happay for $180m.

Financials

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Transaction Value£135m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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India

Software

Majority

Friendly

Domestic

Single Bidder

Private

expense management

Acquisition

Pending

Synopsis

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Cred, a fintech company, agreed to acquire Happay, an expense management and expense report software, for $180m. “Happay’s product strength, customer experience, and vision align with our intent at Cred to reward responsible financial behaviour and we’re excited to partner them in their journey towards leading the category," Kunal Shah, Cred Founder.

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