Jay Kay Financial Technologies is engaged in the business of earned wage access related solutions.

Satin Creditcare will acquire compulsory convertible preference shares of Rupyo for cash consideration, at a mutually agreed pre-money enterprise valuation.

Satin Creditcare is the one of the leading NBFC-MFIs in the country with a strong presence in the underpenetrated regions of north and central India.

The company reported 29.5% fall in consolidated net profit to Rs 10.95 crore on a 4.7% decline in total income to Rs 325.91 crore in Q2 FY22 over Q2 FY21.

The scrip rose 0.92% to currently trade at Rs 98.75 on the BSE.