CRED-owned Happay fires over 30% staff
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Expense management firm Happay has fired more than 30% of its employees as a part of restructuring exercise, two sources told Entrackr. The company was acquired by CRED in December 2021 in a mix of cash and equity deal worth around $180 million. Entrackr had exclusively reported the development. Happay has raised $22-25 million in total and was valued at about $60 million during its extended Series B round in 2019.