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Flipkart invests $30m in fintech arm Supermoney
Flipkart India Pvt., backed by Walmart Inc., is investing US$30 million in its fintech unit Supermoney as it expands into lending and stock broking, according to people familiar with the matter.
Supermoney, launched less than a year ago, is led by CEO Prakash Sikaria.
Flipkart previously invested US$20 million when it spun off Supermoney in 2024.
Supermoney is now India’s fifth-largest UPI app, handling about 257 million transactions per month, according to the National Payments Corporation of India.
The company recently introduced a co-branded credit card and plans to broaden its offerings into personal loans and wealth products.
🔗 Source: Bloomberg
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