Benow acquires a digital payment start-up, Finmo
Digital payments company Benow, has acquired Gurgaon-based Finmo and their flagship product DigiBharat with immediate effect in a cash and stocks deal
Digital payments company Benow, has acquired Gurgaon-based Finmo and their flagship product DigiBharat with immediate effect in a cash and stocks deal. All existing 500+ merchants acquired by Finmo will be on-boarded as Benow merchants, over the next few weeks.
Commenting on the acquisition, Sudhakar Ram, Founder and CEO, Benow says, “We strongly believe that acquiring Finmo will help us strengthen our base in the industry and in turn increase our merchant and customer base deeper in India. Finmo also has a strong entrepreneurial team that understands the payment space in India, adding to Benow’s talent base. As a combined entity, we have the capability and momentum to become a leader in enabling neighborhood merchants to accept digital payments”.
Chirag Saini, Co-Founder, Finmo, further adds, “Joining forces with Benow makes us more competent to achieve the goal of a less cash India. Benow founding team’s depth of experience will help us achieve great things ahead.”
Commenting on the acquisition, Sudhakar Ram, Founder and CEO, Benow says, “We strongly believe that acquiring Finmo will help us strengthen our base in the industry and in turn increase our merchant and customer base deeper in India. Finmo also has a strong entrepreneurial team that understands the payment space in India, adding to Benow’s talent base. As a combined entity, we have the capability and momentum to become a leader in enabling neighborhood merchants to accept digital payments”.
Chirag Saini, Co-Founder, Finmo, further adds, “Joining forces with Benow makes us more competent to achieve the goal of a less cash India. Benow founding team’s depth of experience will help us achieve great things ahead.”
