Investment Summary

Apis Partners Invests In Electronic Payments and Services

On January 20, 2016, growth capital firm Apis Partners invested in financial services company Electronic Payments and Services

Investment Highlights
  • This is Apis Partners’ 1st transaction in the Financial Services sector.
  • This is Apis Partners’ 2nd transaction in India.

Investment Summary

Date 2016-01-20
Target Electronic Payments and Services
Sector Financial Services
Investor(s) Apis Partners
Deal Type Growth Capital

Target

Electronic Payments and Services

Mumbai, India
Electronic Payments and Services provides end-to-end ATM deployment and managed services across urban, semi-urban and rural locations in India, on behalf of leading public sector banks in the country. EPS deployed its first ATMs in the country in support of the Ministry of Finance (Government of India) led mission to drive financial inclusion and reach the unbanked. Electronic Payments and Services is based in Mumbai, Maharashtra.

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Investor(S) 1

DESCRIPTION

Apis Partners is an investment group focused on investing in financial services companies operating in emerging markets. Specific areas of interest include payments, insurance, credit/savings, capital markets, and tech-enabled service providers. Apis looks to back companies benefiting from increased mobile adoption and access to financial products and services. Apis Partners was established in 2014 and is headquartered in London.


DEAL STATS #
Overall 2 of 30
Sector: Financial Services M&A 1 of 10
Type: Growth Capital M&A Deals 2 of 17
Country: India M&A 2 of 8
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-31 Star Health and Allied Insurance

Chennai, India

Star Health and Allied Insurance is a standalone health insurer. Star Health and Allied Insurance was founded in 2005 and is based in Chennai, Tamilnadu.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-15 Hero FinCorp

New Delhi, India

Hero FinCorp is a non-banking financial company present across categories like two-wheeler financing, supply chain finance, and business loans. Hero FinCorp was founded in 1991 and is based in New Delhi, India.

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