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RCMS acquires Acemoney

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Radiant Cash Management Services Limited (RCMS) has acquired a majority stake in Aceware Fintech Services. RCMS has acquired about 57 per cent of Acemoney in an all-cash deal. The transaction value is undisclosed. Post the transaction, the founders will retain a significant minority stake in Acemoney and play a crucial role in driving the company’s rapid growth.

Acemoney provides comprehensive and advanced digital banking solutions designed specifically for retail outlets, cooperative banks and cooperative societies in rural areas. Acemoney’s tech expertise and digital capabilities position RCMS favourably to…

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