Spacenet Enterprises India Limited, a Hyderabad based global trading company is all set to upscale its investment in Billmart.com, Mumbai-based fintech startup. The announcement is being seen as a strategic move to bolster Spacenet’s presence in the fintech sector, according to a press release published by ANI.
Billmart.com caters to the evolving liquidity needs of corporates and MSMEs by connecting them with a diverse range of lenders. As per the release, the platform distinguishes itself through the integration of sophisticated machine learning algorithms and human intelligence, delivering actionable, data driven insights and employing innovative technologies to enable efficient, comprehensive digital financial transactions.
Spacenet, which also has notable operations in Hong Kong and Dubai, recently informed of a 486% increase in its consolidated profit after tax (PAT) on a year-on-year basis highlights the company’s dedication to diversifying its investment portfolio by targeting companies at the cutting edge of technology.
Further, Spacenet’s investment portfolio also includes Pathfinder, a company working in the generative AI space, and String Metaverse Limited.