How Fintech Startups Are Fueling Industry Innovation

###Key Market Movements

ICICI Bank, India’s largest private sector bank, reached a definitive agreement with ePayLater to acquire a 9.91% stake in the company for $1.27 million on July 25, 2018, putting the bank at a post-money valuation of $12.83 million. ePayLater is the designer of an online payment processing software that offers secure payment services. The investment will allow ICICI to expand its digital lending business.