PhonePe acquires WealthDesk and OpenQ for $75 Mn
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Walmart-owned PhonePe has acquired investment platform WealthDesk and wealth management platform OpenQ for a combined $75 million, Bloomberg reported on Tuesday. A PhonePe spokesperson confirmed the acquisition to Entrackr. “The founder and the entire team [of WealthDesk] will be working as a part of the PhonePe group and both the platforms will remain independent,” the company said in a statement.