Fintech firm Razorpay acquires stake in Ezetap

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Fintech firm Razorpay acquires stake in Ezetap
Fintech firm Razorpay acquires stake in Ezetap

The acquisition was done in multiple transactions and will see the Indian fintech firm holding an over 80 per cent stake in Ezetap, according to the latter’s regulatory filings

A majority stake in digital payments firm Ezetap has been acquired by the Indian fintech unicorn Razorpay, marking the latter’s third acquisition of the year.

The acquisition was done in multiple transactions and will see the Indian fintech firm holding an over 80 per cent stake in Ezetap, according to the latter’s regulatory filings.

While the remaining stake is currently in the hands of early investor Helion Ventures, sources told Entrackr that Razorpay intends to acquire the VC firm’s shares soon. The deal is expected to be worth up to US$120 million, which will be paid for in a mix of cash and stock.

In February, Razorpay had acquired Malaysian payments firm Curlec, then, in March, bought Indian fintech startup IZealiant Technologies.

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