Naspers arm PayU buys fintech startup Wibmo in $70 million deal1 min read . Updated: 13 Apr 2019, 05:12 AM IST
- Post acquisition, Cupertino-based Wibmo will continue to operate and serve all its clients as a wholly owned subsidiary of PayU
- Wibmo co-founder and CEO Govind Setlur, will now join PayU’s leadership team, reporting to PayU India CEO
Bengaluru: PayU, an online payment service provider and Naspers’ fintech arm, on Friday announced the acquisition of Wibmo, a Silicon Valley startup that works on digital payment security and payment enablement on smartphones. The deal was valued at around $70 million, according to a statement by PayU.
Select your Category