Mumbai, Feb. 25 -- Flipkart-backed UPI platform super.money has acquired BharatX, a checkout financing platform, in an all-cash deal.

Prakash Sikaria, CEO and founder of super.money told Mint that as part of the acquisition, the core team that developed BharatX will work with super.money. The team will lead BharatX for the next six months after which the arrangement will be evaluated, Sikaria added.

Sikaria, however, did not disclose the size of the transaction or the valuation of BharatX.

With the acquisition of BharatX, primarily for its tech stack, super.money aims to address the growing demand for innovative credit on UPI solutions, the Flipkart-run company said in a statement on Tuesday.

BharatX enables credit products like buy n...