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FT Partners Advises Happay on its $180,000,000 Sale to CRED

Overview of Transaction

  • On December 1, 2021, CRED announced it has signed a definitive agreement to acquire Happay for ~$180 million in a cash and stock deal
  • The acquisition of Happay will enable CRED to launch its business segment leveraging Happay’s expense management and corporate payments expertise
  • Over 6,000 companies use Happay to manage their business expenses across a suite of products including: travel expenses, employee tax benefits, branch petty cash, fleet expense management, and Happay’s corporate cards
  • This acquisition extends CRED’s position as one of India’s leading digital financial services providers

Significance of Transaction

  • This transaction enables CRED to expand its offerings to businesses via Happay’s established expense management software and corporate card offering already serving over 6,000 companies

FT Partners' Role

  • FT Partners served as exclusive strategic and financial advisor to Happay
  • This transaction highlights FT Partners’ deep Payments and Financial Management Solutions domain expertise, as well as our successful track record generating highly favorable outcomes for high-growth FinTech companies globally