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Netherland-based PayU infuses ₹50 crore in its finance subsidiary

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PayU, a fintech startup, based out of Netherlands, has infused ₹50 crore in its non-banking finance arm PayU Finance, reported ET, citing a data accessed by business intelligence platform.

PayU Finance, which runs the LazyPay brands, allows consumers to pay for a product 15 days after they make the purchase. 

PayU is a fintech-based digital payments startup, emerging from Netherlands, founded in 2002 by group of people. It provides payment technology to online merchants. Also, it allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications.

PayU Payments received around 80 lakh shares of PayU Finance in lieu of the investment. It has sold each share of Rs 10 face value at a premium of Rs 52 apiece.

Besides, other major players in the digital lending space includes LendingkartMoneyTapLenDenClubFaircent, and many more.

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