ICICI Bank is acquiring a minority stake in an early stage startup ‘Tapits Technologies’. The largest private sector lender is investing Rs 99 lakh for to take a less than 10% holding in Tapits Technologies. The transaction is expected to be completed by end-February 2018.
Tapits Technologies enables merchants to accept digital payments from customers through biometric authentication using Aadhaar enabled payment system.
ICICI Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products etc.
