Payments tech player Credopay raises $5-M from Ezswype, Zent

Chennai-based payments technology provider Credopay has raised USD 5 million (about INR 38 crore) from Ezswype LLC and Zent International. The newly raised funds will be deployed for product development, client acquisition and marketing. Credopay offers a plug-and-play platform for payment acquisitions, payment processing among a host of other solutions to banks, neo-banks, payment facilitators, merchant acquirers and fintech companies. The company has 35 clients and 45,000 merchants on its platform.