FF News Logo
Tuesday, September 16, 2025
ITC Vegas

Breaking News

Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants Krom Bank Renews Multi-Year Partnership With Mambu to Accelerate Digital Banking Innovation in Indonesia Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion How Banks Can Accelerate the Home Energy Transition Through Green Mortgages AI in Finance 2025: Showcasing How to Implement Next-Generation AI for Impact Fintech Startup Chest Set to Launch New Pension App That Turns Savings From Everyday Spending Into Future Retirement Funds Thunes Expands Real-Time Cross-Border Payments to Saudi Arabia Dotfile Launches Autonomy: Self-Decisioning AI Agent for KYB Compliance Sis ID Expands Its Anti-Fraud Solution With Coverage Across 211 Countries Azentio Reimagines Speed and Personalization for Retail, Small and Medium Enterprises (SME), and Corporate Lenders With Its Next-Gen Loan Origination Offering Swift AI Innovation Creates Blueprint for Banks to Stop Fraud Faster Through Cross-Border Collaboration Increased Options for Investors as Investa, the UK’s First Zero-Commission Options Trading App, Launches Finastra Enhances Fusion Invest for Annuities Market PensionBee appoints Maike Currie as VP Personal Finance

August 9 2018

Paytm acquires Bengaluru-based Balance Technology

Share this post:

Share on LinkedIn Share on WhatsApp

Digital payments major Paytm today said it has acquired Bengaluru-based savings management start-up, Balance Technology, for an undisclosed amount. The acquisition will help One97 Communications, which operates the Paytm brand, further enhance its user and merchant interfaces, Paytm said in a statement.

While Paytm declined to comment on the deal size, the transaction is expected to be about $2 million, according to industry sources. “We are excited to welcome the Balance Technology team to Paytm. They have created a fantastic product with real user engagement. As we look to create customised and intuitive user experiences, the Balance Technology team will be an invaluable part of this journey,” Paytm Chief Financial Officer and SVP, Madhur Deora, said.

The six-member team of Balance Technology has joined the SoftBank and Alibaba-backed company’s product and design team. “Our team has been building automated products that make the saving experience relatable and delightful by helping users reach their goals in clever little ways,” Balance Technology CEO and co-founder, Ankit Kumar, said.

He added that the company will use its capabilities in computational intelligence, design and proprietary algorithms to help Paytm users. According to Balance Technology’s website, the company helps users invest in line with set goals, allowing them to earn up to 8.7 per cent in returns without lock-in periods.

  1. Payhawk Transforms Spending Experience for Businesses With Four Enterprise-Ready AI Agents

    News

     Read more
  2. Alipay+ to Launch in Saudi Arabia, Facilitating Cross-Border Mobile Payments for Local Merchants

    News

     Read more
  3. Krom Bank Renews Multi-Year Partnership With Mambu to Accelerate Digital Banking Innovation in Indonesia

    Fintech

     Read more
  4. Tamara Secures New Asset-Backed Facility of Up to $2.4 Billion

    Funding

     Read more
  5. How Banks Can Accelerate the Home Energy Transition Through Green Mortgages

    Thought Leadership

     Read more
ITC Vegas