Satin Creditcare Network has entered into an agreement to acquire 9% stake in Jay Kay Financial Technologies (Rupyo). The company aims to support growth of early stage Indian Fin-tech start-ups and stand with them in building significant scale to achieve its vision. The said acquisition is expected to be completed within the month of December, 2021.
Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.