M&A

M&A

Travel portal MakeMyTrip to acquire Happay expense mgmt platform from Cred

Economic Times  

Travel company MakeMyTrip is to acquire Happay Expense Management Platform from fintech company Cred.Under the agreement, the Happay brand, its expense management business, and its team will transition to MakeMyTrip. Happay’s payments business and team, which develops technology stack and business payments products, will remain with Cred.Founded in 2012, Happay provides travel and expense management software to corporates and a corporate credit card stack to businesses. It was acquired by Cred in the year 2021 for USD 180 million.