Cred Sells Happay to MakeMyTrip, Retains Payments Business

CosmicTaco · 2024-11-19T15:52:44.765477+05:30

* Fintech unicorn Cred has sold expense management business Happay to MakeMyTrip, retaining the payments side. * The deal, expected to close within 90 days, will bolster MakeMyTrip's corporate travel business. * This follows Cred's write-off on the Happay acquisition in FY24, and the termination of 160 Happay employees in early 2023. Source: [The Arc](https://thearcweb.com/article/fintech-unicorn-cred-sells-expense-startup-happay-to-makemytrip-grbgzVkIqsbMV1WH)

Fintech unicorn Cred has sold expense management business Happay to MakeMyTrip, retaining the payments side.
The deal, expected to close within 90 days, will bolster MakeMyTrip's corporate travel business.
This follows Cred's write-off on the Happay acquisition in FY24, and the termination of 160 Happay employees in early 2023.

Source: The Arc