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Digital payment company ItzCash has made an equity investment in Bengaluru-based fintech start-up Finly. The deal has been bought to fruition through part equity investment and part business partnership. Finly has developed an expense-management tool for corporates, which will enable them to get better insight into their spends and expenses. Naveen Surya, MD, ItzCash, said: “The idea is to get ready for the next phase of financial services convergence. By replacing traditional tools for reporting expenses, our new offering will provide finance teams with tools and data that will enable them to have real-time insights into their spends, enabling them to make better strategic decisions”
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