CRED acquires corporate expense management startup Happay at $180 Mn valuation

Member-only fintech and ecommerce platform CRED has acquired corporate expense management platform Happay. While the amount of the cash and stock deal is undisclosed, CRED’s acquisition of Happay is reportedly at a valuation of $180 Mn, a lucrative exit to Happay investors. Founded in 2012 by Anshul Rai and Varun Rathi, Happay is a business expense, payments and travel management platform.