CRED to Acquire Corporate Expense Company Happay

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CRED to Acquire Corporate Expense Company Happay
04 Dec 2021
4 min read


News Synopsis

CRED, the credit card payment company will acquire the corporate expense company Happay. The acquisition of Happay is a cash and stock deal worth $180 million. The founder of CRED has said in his statement that the company has been growing rapidly in the last three years.

The company was founded by Varun Rathi and Anshul Rai in 2012. Happay is a platform that manages the business expense, payment, and travel management of a business. The company is engaged in the management of work-related expenses for more than 1 million users globally. The list of its customers includes TATA, Grow, PwC, Maruti, OYO, Byjus, and many other big enterprises.

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