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Freo announces strategic acquisition of IndiaLends, in a major push for growth

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BANGALORE, India, May 6, 2026 /PRNewswire/ — In a major push for growth, Freo announced a strategic M&A deal under which it takes 100% ownership of IndiaLends, pending final regulatory approvals. The deal brings together Freo’s consumer financial platform and IndiaLends’ marketplace to significantly expand Freo’s scale.

Freo is on a mission to be India’s digital financial platform for 500 million middle income consumers – one they can trust across payments, credit, insurance, and investments. The acquisition brings together Freo’s financial products and regulatory licences with IndiaLends’ marketplace capabilities and distribution, driving sharper execution across products and partners.

Post acquisition, Freo will be able to serve over 50 million users in its ecosystem, with key operating metrics expected to grow significantly as the combined entity scales.

Backed by marquee investors such as Peak XV Partners (formerly Sequoia Capital India), Prime Venture Partners, MegaDelta, and others, the Freo platform operates under a strong regulatory framework, including a TPAP licence for UPI, NBFC licence, and an Insurance CA licence, with a strong discipline in regulatory compliance and corporate governance. Founded by IIT-ISB alumni and serial entrepreneurs, Freo brings over a decade of experience in building and operating consumer financial products at scale, with a proven and profitable business model.

“India’s digital financial services market is maturing, and relevant consolidation is a natural next step. The platforms that win the next decade will combine the right licences, the right distribution, profitable discipline, and AI embedded across the stack. With IndiaLends, Freo now has all four at scale.” – Kunal Varma, Co-Founder & CEO, Freo.

IndiaLends, founded by Gaurav Chopra, a London Business School and London School of Economics alumnus and a seasoned Capital One banker, operates as one of India’s largest digital marketplaces for loans and credit cards. Backed by ACP Partners, DSG Consumer Partners, and American Express Ventures, amongst others, the business has built deep integrations with over 80 banks, NBFCs and financial partners, enabling it to operate at scale across a wide range of credit products and use cases.

Over the years, IndiaLends has assembled a strong execution-focused team with deep experience across partnerships, technology, and operations. This team has played a key role in building a trusted marketplace that enables consumers to discover and access credit, while supporting partners through technology-led distribution, credit underwriting and business operations at scale.

“IndiaLends was started with a strong belief – that every Indian deserves access to the right credit, at the right time, from the right lender. Joining Freo amplifies it. Together we bring a full-stack platform, a vast distribution network, and decades of combined experience to the market.” – Gaurav Chopra, Founder & CEO, IndiaLends.

This deal, which is pending final regulatory approvals, brings together two businesses that operate at scale with complementary business models, full regulatory cover & deep national footprint. The combined platform enables a stronger product focus along with deep AI interventions to accelerate profitable growth. Early signs of mutual synergies are expected to begin reflecting over the next few months as integration across teams, partners and product lines deepens.

This development comes at a time when India’s digital lending ecosystem is undergoing a typical phase of maturity & consolidation, driven by tighter regulatory frameworks and a sharper focus on sustainable, profitable growth. As the market matures, there is a clear shift towards integrated platforms that can combine product, distribution, and underwriting capabilities at scale, enabling better outcomes for both consumers and businesses.

With this move, Freo brings together a powerful and defensible set of capabilities, including supply-side diversification, advanced demand-side analytics for customer profiling, AI-embedded workflows across operations, and a tightly integrated product strategy focused on the fast-growing, mobile-savvy, middle class of India.

The combined entity will soon be looking at a large capital raise to enable its next phase of profitable growth. The deal will be operationalised in a phased manner, wherein both teams would be working deeply with existing partners to further strengthen relationships and create a roadmap for profitable growth.

About Freo

Freo enables Indians to pay, save, borrow and insure, all through 1 platform. Freo serves customers across 1,200+ cities and 19,000 pin codes and is a well-regulated entity with licenses for lending, UPI and insurance sales. By focusing on regulated partnerships and customer-first design, Freo is building a trusted financial brand for the masses. Website: https://freo.money

About IndiaLends

IndiaLends is one of India’s leading digital credit marketplaces, helping individuals discover the right personal loans, credit cards, and credit-building tools tailored to their financial profiles. Powered by proprietary credit analytics and partnerships with India’s most trusted banks and NBFCs, IndiaLends makes borrowing transparent, informed and accessible – empowering consumers to take charge of their financial lives.
Website: https://indialends.com/ 

Media Contact:
Akhila Deshpande
Email: akhila@supernova-brand.com
Mobile: +91 9886173819

Logo: https://mma.prnewswire.com/media/2972671/Freo_IndiaLends_Logo.jpg

 

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He Sold Everything and Moved to Colombia for Her. Then Built the Translator They Needed and Named It After Her.

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Nayerly, a patent-pending iPhone app, is the first translator both people can talk over at once. Fully offline, 22 languages.

EDMONDS, Wash., Aug. 25, 2026 /PRNewswire/ — Michael Wilson sold everything he owned and left the US for Colombia to be with the woman he loved. They did not share a language.

Every translator they tried forced them to take turns: one speaks, stops, waits for playback, and only then can the other answer. It worked. It also turned every conversation into a transaction.

So he built his own, alone, and named it after her. Nayerly is now on the App Store.

Nayerly is full duplex, meaning it listens and speaks at the same time instead of taking turns. The app keeps listening while it is speaking, so you can talk over the translation, and it keeps listening when more than one person talks, so two people can talk over each other and it still works. No phone passed back and forth. It works like a personal interpreter sitting between you.

“Every other translator is a walkie-talkie. You talk, you stop, you wait,” Wilson said. “I built this so I could speak better with someone I love. That is the only way you make a real connection. It works so well you forget you are using it and start talking over each other.”

Everything runs on the device. All 22 language models download during setup, so it works with no Wi-Fi and no signal – on a plane, abroad, off the grid – and no audio ever leaves the phone. Hands-free works with any AirPods, not just the premium ones.

Key features:

– Full duplex: listens and speaks at the same time, so you can talk over the translation and over each other
– 100% offline in 22 languages, including Spanish, Arabic, Chinese, Japanese, Hindi and Ukrainian
– Hands-free with any AirPods
– Private by design: audio is never recorded or stored
– Free to download, 10 minutes of translation daily

Unlimited use is $1.99 per month during launch, billed annually. A one-time lifetime option includes Apple Family Sharing. New languages will be added in future updates at no additional cost to existing users.

Videos of Wilson and his girlfriend using Nayerly in Colombia, both speaking at once in English and Spanish, are on Instagram at instagram.com/nayerlyapp and TikTok at tiktok.com/@nayerlyapp.

Availability

On the App Store for iPhone now: https://apps.apple.com/app/id6762064110
More: https://nayerly.com 

About Nayerly
Nayerly is an independent iPhone app built alone by Michael Wilson and named for the woman he built it for. It exists so two people without a shared language can just talk.

Media Contact
Michael Wilson
Founder, Nayerly
421311@email4pr.com
425-220-5237

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SOURCE Nayerly

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Eleven GovTech Startups Named to Pitch at State of GovTech 2026

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Companies from across the country will pitch live to government and investor judges in Montgomery County, Maryland, September 9–10. Registration is free for government employees.

SILVER SPRING, Md., Aug. 25, 2026 /PRNewswire/ — CivStart today announced the eleven startups selected to pitch at State of GovTech 2026, the organization’s seventh annual national govtech summit, taking place September 9–10 at the Silver Spring Civic Building in Montgomery County, Maryland.

The selected companies span permitting, public safety, emergency management, grant administration, constituent services, and civic infrastructure finance. They will pitch live on the main stage to a judging panel drawn from local government, county technology leadership, and the govtech investment community.

The 2026 Startup Cohort

Appellate  (Bentonville, AR) — system of record for police towing and vehicle custodyAyla  (Washington, D.C.) — public-sector recruiting on a live government labor-market data engineCODICE  (Washington, D.C.) — no-code permitting, licensing, and inspections platformGostly  (Westminster, MD) — real-time command center for urban infrastructureGrantwell  (Los Angeles, CA) — AI grant management across the full lifecycleGreen Stream Technologies (Wake Forest, NC) — flood and weather early warning systemsGovstream  (Seattle, WA) — AI-driven permitting intakeLabrynth  (US, Australia, EU, UK) — AI-native regulatory intelligence for permittingManyBond — crowdfinancing for community-supported local investmentReadyly  (Connecticut) — agentic AI resolving resident inquiries across every channelSamora AI  (Bellevue, WA) — multilingual voice AI for citizen information lines

The Judging Panel

Hillary Orr, Deputy Director of Transportation, City of Alexandria, Virginia Rita Reynolds, Director of Public Sector, CAI Thao Hill, Co-Founder and CEO, Govinity Tom Spenger, CEO, SOVRA Eyal Feder-Levy, CEO, Zencity

The pitch competition is one part of a two-day agenda built around working sessions rather than passive programming. Attendees draft AI use policies, run live cybersecurity breach simulations, and bring unresolved problems from their own jurisdictions to work through with peers.

State of GovTech 2026 is expected to draw more than 200 attendees, split roughly evenly between public sector leaders and the entrepreneurs, investors, and industry practitioners who serve them. The venue sits directly on the Washington Metro, and registration is free for government employees. Full agenda and registration at civstart.com/sogt26.

About CivStart

CivStart is a govtech organization connecting government leaders with the technology solutions and entrepreneurs solving public sector challenges. Through its accelerator programs, industry events, and products including Clarity and GovFit, CivStart helps state and local governments define their challenges and find partners equipped to solve them. State of GovTech is CivStart’s flagship annual summit, now in its seventh year. Learn more at civstart.com.

Media Contact:

Nick Lyell

Co-Founder & COO

421351@email4pr.com | 608.234.2166

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SOURCE CivStart

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Goodix Unveils New Generation Touch Screen Controllers for Medium and Large Displays

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SHENZHEN, China, Aug. 25, 2026 /PRNewswire/ — Goodix has launched its new-generation GT9976 series of high-performance touch screen controllers for medium and large displays, targeting premium flexible OLED tablets, foldable smartphone main screens, and other smart devices. Delivering major upgrades in gaming control, touch performance in challenging environments, and active stylus support, the series enables device makers to create differentiated large-screen products for gaming, work, and learning.

As an early commercial deployment of the series, Lenovo’s latest Legion Y700 Wuji gaming flagship tablet and Tab Pen Pro 2 integrate Goodix’s innovative portfolio, including the GT9976N touch screen controller, an active stylus driver chip, and an ultra-narrow side-key capacitive fingerprint sensor, to deliver a more responsive and immersive user experience.

Faster Response for Smoother Large-Screen Interaction

High-refresh-rate displays used in competitive gaming place greater demands on touch response and data processing. The GT9976 series features Goodix’s proprietary full-screen parallel sensing architecture, which achieves a higher signal-to-noise ratio (SNR) within a shorter scan time — significantly accelerating finger-signal capture and processing efficiency.

Supporting 7- to 9.5-inch flexible OLED displays, the new series delivers industry-leading touch report rates and instant sampling rates. From everyday browsing and app switching to sudden stops, sharp turns and rapid multi-taps in high-frame-rate games, the GT9976 series ensures smooth, precise, and highly responsive touch interaction.

Reliable, High-Precision Touch Performance in Demanding Conditions

To address the noise interference from flexible OLED panels under heavy system loads, the GT9976 series adopts an industry-leading high-noise-suppression analog front end (AFE) sampling architecture that doubles SNR over the previous generation. Combined with Goodix’s proprietary gaming algorithms, the controllers accurately identify valid touch signals even in complex noise environments, delivering stable, precise coordinate data at all times.

In demanding scenarios such as FPS, MOBA and rhythm games, the GT9976 series combines a higher SNR, high-speed scanning and sampling, and enhanced real-time noise monitoring with frequency-hopping technology to enable faster tap response and stable multi-finger control without jitter or drift. This improves responsiveness and tracking accuracy for pixel-level actions such as flick aiming, recoil control, combo execution and movement.

The series also integrates advanced dual-mode self- and mutual-capacitance sensing with complementary algorithms to improve palm rejection, effectively reducing false touches caused by grip and edge contact. Dedicated optimization for sweaty hands, wet fingers and gaming finger sleeves helps maintain sensitive and stable touch performance under challenging real-world conditions.

Enhanced Active Stylus Support for Productivity and Creativity

For mobile productivity, education and professional drawing, the GT9976 series also delivers significantly enhanced active stylus performance. When paired with Goodix active stylus driver chip, the solution supports a 360Hz pen report rate. Together with Goodix’s proprietary stylus anti-interference algorithm, it achieves outstanding linearity and precision — accurately reproducing every stroke for tasks such as note-taking, fine annotation, sketching, and handwriting practice.

For flagship OLED tablets with large screens, Goodix also offers the GT7A series, which supports display sizes ranging from 10 to 14 inches while delivering the same high overall performance, further strengthening its portfolio for mid- to large-size touch applications. Both the GT9976 and GT7A series have been validated by leading device brands and display panel manufacturers, and are set to be adopted in foldable smartphones, gaming tablets, and slim flagship tablets — enabling smoother, more precise, and more reliable large-screen interaction.

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SOURCE Goodix

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