Paytm Buys Balance Tech, a Bengaluru-Based Savings Management Startup

Paytm Buys Balance Tech, a Bengaluru-Based Savings Management Startup.

Digital payments major Paytm on Thursday announced the acquisition of Bengaluru-based smart-savings management startup Balance Tech for an undisclosed amount.

Designed to build saving habits for users, the Balance app offers saving options in mutual funds that could get users interest rates of up to 8.65 per cent per annum.

"Our team has been building automated products that make the saving experience relatable and delightful by helping users reach their goals in clever little ways," Balance Tech CEO and Co-Founder Ankit Kumar said in a statement.

"Our conversational personal savings assistant nudges users to build a saving habit, and give purpose to their money as they go about their busy lives.

"We look forward to bringing in computational intelligence, unique design and proprietary algorithms with Balance to help Paytm users accomplish more with their money," Kumar added.

The six-member Balance Tech team has joined Paytm product and design team and is working on further enhancing Paytm's user/merchant interfaces, the SoftBank and Alibaba-backed Paytm said.

"They have created a fantastic product with real user engagement. As we constantly look to create customised and intuitive user experiences, the Balance Tech team will be an invaluable part of this journey," said Madhur Deora, Chief Financial Officer and Senior Vice President at Paytm.

Comments

Xiaomi Qin1, Qin1s Feature Phones With Real-Time Voice Translations Launched: Price, Specifications

Xiaomi Qin1, Qin1s Feature Phones With Real-Time Voice Translations Launched: Price, Specifications Xiaomi Qin1 and Qin1s have debuted in China with real-time voice translations and optional 4G support. HIGHLIGHTS Xiaomi Qin1 and Qin1s have been launched in China The feature phones are on crowdfunding at CNY 199 (roughly Rs. 2,000) These models have a multi-lingual voice translation support While it gained popularity for bringing affordable smartphones, Xiaomi has now brought a couple of new feature phones called Qin1 and Qin1s . The Chinese company has launched the new handsets under the Youpin crowdfunding platform. Unlike a traditional feature phone that comes with basic telephony and messaging support, Xiaomi's Qin1 and Qin1s offer advanced features, including real-time multi-lingual voice translation support that is backed by artificial intelligence (AI) and machine learning. The Qin1s variant that supports 4G connectivity. Both variants a

Xiaomi Pocophone F1 Specifications Leaked; AnTuTu Listing With High Score Spotted

Xiaomi Pocophone F1 Specifications Leaked; AnTuTu Listing With High Score Spotted. Xiaomi Pocophone F1 specifications include Snapdragon 845, dual rear cameras HIGHLIGHTS Xiaomi Pocophone has been leaked by a Belarusian online store Most of the specifications of the smartphone has been listed It has allegedly scored 285,302 in AnTuTu benchmark Xiaomi has been rumoured to be working on Pocophone F1 , said to be the company's next handset powered by Snapdragon 845 processor. New details on the specifications of the upcoming smartphone have emerged online, thanks to a leak by an online store and a benchmark listing. The Chinese manufacturer already has four handsets with the Snapdragon 845 processor - Mi 8, Mi 8 Explorer Edition, Mi Mix 2S, and Black Shark - in the market, but now a new handset under the Pocophone brand appears set to be launched. While the latest leak does not show any images of the upcoming Pocophone F1, they do hint at some of the sp

bengal tech

Search This Blog