Tencent steps up expansion in India with investment in fintech start-up NiYO

//Tencent steps up expansion in India with investment in fintech start-up NiYO

Tencent steps up expansion in India with investment in fintech start-up NiYO

Tencent Holdings increased its bets on India with an investment in a start-up that helps the country’s blue-collar workers manage their finances, as it sought to build an overseas presence to supplement its dominant China market.Shenzhen-based Tencent, one of China’s most active corporate investors, led a US$35 million funding round in Bangalore-based digital banking company NiYO, which also serves outbound tourists with a foreign exchange service.The company, founded by Pony Ma Huateng, is…

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By | 2019-07-12T23:00:08+00:00 July 12th, 2019|Business|Comments Off on Tencent steps up expansion in India with investment in fintech start-up NiYO