M&A
Financial solution provider to SMEs Pulse acquires UK lender Nucleus Commercial ahead of IPO
Mumbai-based data and SaaS company Pulse has acquired UK-based Nucleus Commercial Finance , a digital originator and servicer of SME loans, at a valuation of INR 450-500 crore.Prestige Capital Fund owns a 46% stake in Nucleus, and a 35% stake is held by Pulse promoter Chirag Shah, with the balance held by employees.Ahead of the IPO, Pulse is also planning a second funding round to bring in new investors. In its maiden funding round, Areeza India Strategy Partners (promoted by Sidharth Ajwani and Rahul Menon) acquired a 7.67% stake, while 3.63% was picked by Astorne Capital.Founded in 2016, Pulse provides financial solutions for SMEs, banks, lenders, and advisors. Its products include credit risk assessment tools, cash flow monitoring dashboards, financial health scoring and lending decision support systems.
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