Visa to allegedly invest USD 250 mln in BillDesk

Monday 25 June 2018 00:19 CET | News

Visa has allegedly shared plans to invest over USD 250 million into BillDesk, valuing the company at around USD 1.5-2 billion, according to Times of India.

Bill-Desk, which had earlier been in discussions for a sale, has decided to opt for a financing round, people familiar with the matter have declared. The fundraise would be a mix of primary and secondary transactions.

For Visa, an investment in BillDesk would help the American company cement its position in the payments ecosystem in India, which has seen disruption with the introduction of new modes like the Unified Payments Interface (UPI).

People familiar with the matter said the BillDesk founders are negotiating a higher value of USD 2 billion in the backdrop of a successful IPO of Dutch fintech startup Adyen.

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Keywords: Visa, BillDesk, India, Adyen, Unified Payments Interface (UPI)
Countries: World