Satin Creditcare Network buys 9% in salary disbursement services brand Rupyo

Microfinance company Satin Creditcare Network is to acquire about 9% stake in Delhi-headquartered fintech startup Jay Kay Financial Technologies, which offers salary disbursement services under a brand called Rupyo. The acquisition will be completed by the end of December. Rupyo was founded by Shivin Khanna and Pragun Jindal in August last year.