Name of the firm that has acquired neo bank Avail Finance in March 2022?

Correct option is D

The Correct Answer is (d) Ola.
· In March 2022, Ola, the ride-hailing giant, acquired Avail Finance, a neo-bank offering financial services such as personal loans, salary advances, and savings.
· The acquisition was aimed at expanding Ola's financial services ecosystem, which includes Ola Money and other fintech offerings.
Key Points:
· Avail Finance: A neo-bank focusing on financial inclusion and serving blue-collar workers.
· Objective: Strengthen Ola's position in the fintech sector and diversify its service offerings.
· Synergy: Avail Finance's existing user base complements Ola's customer ecosystem.