CashFree / Telr 2021
CashFree Payments acquired Telr for $15M on November 30, 2021.
- Target
- Telr
- Acquirer
- CashFree Payments
- Deal value
- $15M
- Announced
- November 30, 2021
- Sub-sector
- Payments
Transaction overview
- CashFree Payments announced the acquisition of Telr on November 30, 2021 for $15M.
Strategic rationale
Acquire MENA payment infrastructure and merchant base to launch cross-border payments platform connecting Indian and Middle Eastern merchants.
Deal terms & multiples
Sources
- businesstoday.in /industry/banks/story/sbi-backed-cashfree-acquires-majority-stake-in-uae-based-payments-firm-telr-313864-2021-11-30