MakeMyTrip has signed a business transfer agreement to acquire Happay, an expense management platform from fintech firm Cred, enhancing its corporate travel services. The deal includes the transition of Happay"s brand, expense management business, and team to MakeMyTrip, while Cred retains Happay’s payments division. This strategic acquisition aims to strengthen MakeMyTrip"s leadership in the corporate travel sector, as stated by Co-Founder and Group CEO Rajesh Magow.
Kunal Shah's Cred is expanding its financial services by applying for a stock broking license through its subsidiary, Spenny. This move follows Cred's acquisition of a micro-savings and investment platform and aims to compete in the crowded stock broking market dominated by Zerodha and Groww.
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