Friday, 24 March, 2023

Droom buys Xeraphin to strengthen the lending arm

<p>Droom Technology has acquired a non-banking financial company Xeraphin Finvest for an undisclosed amount. Reportedly, the move is aimed to strengthen its lending arm and to bolster the Droom&rsquo;s capabilities in offering loans at a larger scale, ensuring maximum convenience for the primary stakeholders. &nbsp;Media reports suggest Droom paid $3 to $3.5 million for Xeraphin. The deal comes a year after the company raised about $30 million from a group of investors.</p>