Announced
PhonePe to acquire WealthDesk and OpenQ for $50m.
Synopsis
PhonePe, a digital payments and financial services platform, agreed to acquire WealthDesk, a platform that allows users to invest in stock and ETF portfolios, and OpenQ, an online wealth management platform, for $50m. WealthDesk works with more than 50 partners from various industries. PhonePe anticipates the platform to grow as additional partners are integrated.
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