[GUEST ACCESS MODE: Data is scrambled or limited to provide examples. Make requests using your API key to unlock full data. Check https://lunarcrush.ai/auth for authentication information.]  Inc42 [@Inc42](/creator/twitter/Inc42) on x 51.1K followers Created: 2025-07-14 16:18:39 UTC 🚨Inc42 Exclusive🚨 Prosus-owned fintech platform @PayUindia has raised INR XXX Cr (about $XX Mn) from its parent Prosus to shore up its credit business. As per the company’s MCA filings accessed by Inc42, PayU India issued XXX Cr equity shares to MIH Payments Holdings B.V., the investment arm of Prosus parent Naspers, last month. Confirming the development, a PayU India spokesperson told Inc42, “This fundraise is to fuel the growth of our credit business, which is expected to breakeven by September. It also reflects Prosus’ confidence in our growth trajectory and our path to profitability.” Founded in 2002 by Nitin Gupta, Shailaz Nag, Jose Velez, Martin Schrimpff, Arjan Bakker, and Grzegorz Brochocki, PayU serves as the digital payments and lending arm of Prosus. Read the full article here - #news #Inc42 #Exclusive #fintech #tech #finance #financialnews #startupnews #startup #growth #funding #loans #MSME #businessnews  XXX engagements  **Related Topics** [told](/topic/told) [$npnjo](/topic/$npnjo) [investment](/topic/investment) [stocks](/topic/stocks) [india](/topic/india) [$prxas](/topic/$prxas) [indian rupee](/topic/indian-rupee) [fintech](/topic/fintech) [Post Link](https://x.com/Inc42/status/1944793677521686823)
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Inc42 @Inc42 on x 51.1K followers
Created: 2025-07-14 16:18:39 UTC
🚨Inc42 Exclusive🚨
Prosus-owned fintech platform @PayUindia has raised INR XXX Cr (about $XX Mn) from its parent Prosus to shore up its credit business.
As per the company’s MCA filings accessed by Inc42, PayU India issued XXX Cr equity shares to MIH Payments Holdings B.V., the investment arm of Prosus parent Naspers, last month.
Confirming the development, a PayU India spokesperson told Inc42, “This fundraise is to fuel the growth of our credit business, which is expected to breakeven by September. It also reflects Prosus’ confidence in our growth trajectory and our path to profitability.”
Founded in 2002 by Nitin Gupta, Shailaz Nag, Jose Velez, Martin Schrimpff, Arjan Bakker, and Grzegorz Brochocki, PayU serves as the digital payments and lending arm of Prosus.
Read the full article here -
#news #Inc42 #Exclusive #fintech #tech #finance #financialnews #startupnews #startup #growth #funding #loans #MSME #businessnews
XXX engagements
Related Topics told $npnjo investment stocks india $prxas indian rupee fintech