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Obopay acquires Mubble

Bengaluru, Sept 25 (UNI) Obopay, the global financial technology company providing enterprise solutions for Telcos, BFSIs and companies with a dominant supply chain focus, has acquired the consumer technology firm, Mubble, which is backed by Accel Partners and former Infosys Chairman Nandan Nilekani.

Post the acquisition, Ashwin Ramaswamy, co-founder and CEO of Mubble, will be joining Obopay, according to a press release here on Monday.

Obopay CEO Shailendra Naidu and with Mubble Co-founder and CEO Ashwin Ramaswamy

Speaking about the acquisition, Shailendra Naidu, CEO, Obopay, said, “The strategic acquisition of Mubble is a significant step in strengthening the company’s service offerings in Indian and international markets.”

Ashwin Ramaswamy, Co-founder and CEO, Mubble, said, “Mubble has always believed in the power of leveraging the data streams from high frequency consumer use-cases, be it recharge transactions or news consumption; as an entry into the payments space.”

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