Truecaller acquires India-based mobile payments company Chillr

Sweden's Truecaller has announced that it has acquired an Indian startup called Chillr, which offers a multi-bank payments app since 2014, to complement the Truecaller Pay service it had launched more than a year ago. The terms of the acquisition were not disclosed at this time.

From the blog post:

"After spending a lot of time with their team, we’ve seen that we share a lot of synergies; values; culture; and thoughtfulness when it comes to paying attention to user experience. They have also a great foundation on the business side, establishing great partnerships and a good reputation in the industry. Their team of engineers and designers have a profound understanding of mobile payments, the social fabric of India, and a deep passion for products that they will now bring to Truecaller."

Truecaller has a user base of 150 million users in India. It also boasts 300 partners in the country, where it will leverage its payments feature.

Follow the developments in the technology world. What would you like us to deliver to you?
Your subscription registration has been successfully created.