Bangalore based point of sale (PoS) company Ezetap has acquired FortunePay, which offers banks a platform that allows them to give a mix of digital payments solutions as well well as physical payment solutions, reports ETtech. Abhijit Bose, CEO of Ezetap, told the publication that FortunePay would provide it with infrastructure to become a single payment solution for merchants. Ezetap currently serves clients such as Airtel, BigBasket and Urban Ladder among others. This is Ezetap's second acquisition: Back in June 2014, Ezetap had acquired the Hyderabad-based loyalty platform Clinknow which enables merchants create and offer real-time offers to their customers based on their transaction history. Funding In 2015, the company raised Rs 150 crores in Series C funding from Social+Capital, Helion Advisors, and Berggruen Holdings, Horizons Ventures, the private investment arm for Li Ka-Shing, and the Capricorn Investment Group. Ezetap had previously secured an undisclosed amount of funding from American Express in return for a minority stake in March 2014. In February 2014, the company had raised $8 million as Series B funding from Helion Advisors, with participation from existing investors Chamath Palihapitiya’s The Social+Capital Partnership and Berggruen Holdings. Incubated by early stage investment fund AngelPrime, Ezetap had earlier raised $3.5 million from The Social+Capital Partnership, Peter Thiel, Nicolas Berggruen & David Sacks. Earlier developments at Ezetap -In October 2015, Ezetap allowed universal mobile wallet acceptance on its platform, which will allow in-person transactions at home or at store. Ezetap brought on board Paytm, Mobikwik, Freecharge, and Novopay for the same. However, in 2016, Paytm has…
- Samsung and Oppo Want To Work With DigiLocker, Plans For Common Consent Manager Underway February 6, 2023
- Here’s 7 ways to boost India’s gaming industry, as per a govt task force February 6, 2023
- Why was Indian crypto exchange WazirX forced to transfer assets from Binance’s wallet service? February 6, 2023
- No View On Republishing Data Anonymisation Guidelines for Public Consultation: IT Ministry February 6, 2023
- Andhra Pradesh: Gang uses cloned Aadhaar-linked fingerprints to steal money from bank accounts February 6, 2023
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
India's smartphone operating system BharOS has received much buzz in the media lately, but does it really merit this attention?
After using the Mapples app as his default navigation app for a week, Sarvesh draws a comparison between Google Maps and Mapples
The regulatory ambivalence around an instrument so essential to facilitate data exchange – the CM framework – is disconcerting for several reasons.
The provisions around grievance redressal in the Data Protection Bill "stands to be dangerously sparse and nugatory on various counts."
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...