Flipkart-backed super.money acquires checkout financing platform BharatX

Flipkart-backed fintech firm Super.money on Tuesday acquired checkout financing platform BharatX in an all-cash deal as the company continues to launch new payment and credit offerings since its launch last year.

The deal amount has not been disclosed.

The company plans to introduce checkout financing for direct-to-consumer (D2C) and e-commerce brands, including Flipkart, beginning with consumer durables products through a credit line on Unified Payments Interface (UPI).