India, Sept. 23 -- Flipkart, backed by Walmart, has invested USD 30 million in its fintech unit, Super.money. This investment follows a prior USD 20 million infusion when the company was spun off last year. The capital will support Super.money's expansion into lending and stock broking, a move that accelerates Flipkart's broader push into financial services.

Super.money, launched in 2024, has quickly grown to become one of India's top UPI apps. Data from the National Payments Corporation of India (NPCI) shows the app handling hundreds of millions of transactions monthly. Super.money's offerings already include a co-branded credit card and plans to expand into personal loans and wealth products. The company aims for profitability by the e...