CURRENT AFFAIRS

2017

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

Who Acquires Stake in online Loans Firm CreditMate?

A	Sharechat
B	Paytm
C	Mobikwik
D	Payzap

Explanation:

Detailed explanation-1: -IPO-bound payment services provider Paytm has acquired 100% stake in Mumbai-based digital lending startup CreditMate.

Detailed explanation-2: -With this, the founders of CreditMate have sold their stake to Paytm, CreditMate founder and chief commercial officer Aditya Singh said on professional website, LinkedIn.

Detailed explanation-3: -IPO-bound digital payments major Paytm has acquired a 100% stake in digital lending startup CreditMate for an undisclosed amount.

Detailed explanation-4: -CreditMate is an online platform to avail loans for used two-wheelers. The company is targeting blue-collared workforce segment and individuals with low salaries. The company uses data-driven algorithms to offer EMI options. Users have to visit the dealer to sign the loan agreement.

There is 1 question to complete.