Paytm acquires savings management startup Balance
Paytm has acquired Bengaluru-based savings management startup Balance Technology for an undisclosed amount. As part of the acquisition, Balance's six-member team, including Founders Ankit Kumar and Abhishek Malik, will join Paytm's product and design department, the company said in a statement. Balance operates an app that enables users to save money and invest in fixed deposits and mutual funds.