Truecaller acquires Indian instant P2P money transfer and utility payments app Chillr | Digital Asia
Digital Asia News Update
Global caller ID company Treucaller has acquired Chillr, a mobile transfer, recharge and bill payments app in India, it announced in a blog post.
The transaction details were not disclosed.
Chillr is owned and operated by Kochi (south India)-based Backwater Technologies, and backed by Sequoia Capital, which infused US$6 million into the firm in 2015.
“…Chillr has been an innovator in the Indian mobile payment space since 2014. After spending a lot of time with their team, we’ve seen that we share a lot of synergies; values; culture; and thoughtfulness when it comes to paying attention to user experience. They have also a great foundation on the business side, establishing great partnerships and a good reputation in the industry. Their team of engineers and designers have a profound understanding of mobile payments, the social fabric of India, and a deep passion for products that they will now bring to Truecaller,” reads the blog post.
“Since launching Truecaller Pay in 2017, we’ve seen increasing number of use cases to make the lives of our users in India easier. By acquiring Chillr, we are reaffirming our commitment to mobile payments and plan to increase the adoption of it amongst our user base. We will, together, have a far bigger impact in this space through the foundation of the team’s expertise and a strong user base who trust our platform and uses it on a daily basis. Moving forward, the Chillr team will now become the Truecaller Pay team, leading the vision and execution for this feature,” said the blog.
Also Read: Transfer money to your phonebook contacts almost instantly with Chillr
Launched in February this year by Sony Joy, Anoop Sankar, Mohamed Galib and Lishoy Bhaskaran, Chillr is an online platform for payment and mobile banking needs. A multi-bank payment service, which works with 44 banks in India, it allows the consumers to make instant money transfers, make recharges and utility bill payments directly from their bank account.
The app also allows users to split bills with their friends even if they are not on Chillr.
Founded in 2009 by Alan Mamedi and Nami Zarringhalam, Stockholm-headquartered Truecaller provides a suite of services such as a dialler that offers caller ID, spam detection, and messaging. The app also helps users to filter out unwanted calls and SMS.
Its investors include Sequoia Capital, Atomico and Kleiner Perkins Caufield Byers.
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