In a significant strategic collaboration, RNFI Services Ltd has partnered with InCorp Advisory, a leading investment banking and corporate advisory firm, to acquire Payworld Digital Services Private Limited and its wholly owned subsidiary, Smart Payment Solutions Private Limited. This partnership enabled the end-to-end execution of the transaction, marking a pivotal moment in RNFI’s expansion journey within India’s dynamic fintech landscape.
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Under the agreement, RNFI Services will acquire 100% of Payworld’s equity, totalling 1,21,10,000 shares, subject to regulatory approvals. The acquisition strengthens RNFI’s commitment to broadening its digital financial services and expanding its footprint in underserved markets across the country.
InCorp Advisory served as the exclusive financial advisor for the deal, providing strategic guidance and transaction support to ensure a seamless and value-driven integration.
Krishna Kumar Daga, Chief Executive Officer of RNFI Services Limited, said, “As we continue to scale and diversify our fintech offerings, partnering with InCorp Advisory for this acquisition was a natural choice. Their industry insight and executional precision were instrumental in navigating this complex transaction. This integration positions us to deliver stronger, more inclusive financial solutions to millions—especially in last-mile geographies. We’re not just acquiring a company; we’re expanding an ecosystem.“
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Inderpreet Singh Chadha, Head of Investment Banking at InCorp Advisory, commented, “This acquisition is a defining moment in India’s fintech growth story. By bringing together RNFI’s technology-first approach with Payworld’s wide-reaching distribution network, we’re unlocking new opportunities for market innovation and scale. We’re proud to have facilitated this strategic partnership and look forward to its ripple effect across the financial services sector.“
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This collaboration reflects the growing importance of curated advisory relationships in powering ambitious fintech plays and shaping the future of digital finance in India.
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Source – PR Newswire
