Majority stake in Collectech startup Spocto acquired by CredAvenue
Debt marketplace platform CredAvenue on Monday declared it has procured a 75.1% stake in Spocto, a CollecTech startup that gives advanced assortment arrangements. The arrangement size is cited between Rs 350 crore to Rs 400 crore. With the procurement in process, CredAvenue intends to additionally work on its contributions to the banking and monetary area…