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Dvara KGFS acquires TransactNow

July 30, 2021

Dvara KGFS acquires TransactNow

Dvara KGFS, a non-deposit taking NBFC, declared that it has procured ‘TransactNow’, a digital platform from early-stage tech start-up Transact Nexus Tech Private Limited, for an undisclosed sum.

TransactNow offers digital financial services to the unbanked and underserved population. The current transaction will help the rural focussed Dvara KGFS to fortify its digital platform and take its financial services offerings closer to the rural clients.

“With this, Dvara KGFS is starting new Channel KGFS Digital which will introduction to the agent driven business plan of action giving an array of financial services to rural clients through Agent Touch Points situated in close proximity to the villages in accordance with the Omni-Channel Strategy envisaged by Dvara KGFS,” the organization said in an official statement.

“We are excited about the acquisition of TransactNow. The team and technology will assist us with increasing our Digital channel a network of agents all our products with a lot of transaction convenience to clients in the close proximity of their town”. Joby CO, CEO, Dvara KGFS said in the release.

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