Online payments platform Paytm has acquired Tiger Global-backed Cube 26. Now, the Cube26 team will join the digital payments major and work towards adding more social engagement features to Paytm’s products and services.
Cube26, which was founded in 2012 by Abhilekh Agarwal, Akash Jain and Saurav Kumar primarily works in software and machine learning sector. Formerly kown as PredictGaze, the company is at the forefront of the User Interface Revolution.
It has developed the next generation of technology that allows devices to recognize users, interpret human gestures and understand their emotions. The company, which has a nearly 100 employees, creates software for mobile phones, tablets, PC and smart TVs.
“We are focused on building a more immersive and feature-rich mobile experience for our large active user-base,” said Madhur Deora, the chief financial officer at Paytm.
This latest acquisition by Paytm helps the company leverage the work that Cube26 has done in this area. The move is part of Paytm’s effort to create a seamless experience for customers on its platform through an improved user interface. Now the Vijay Sharma led-company will have a strong team on its technical front.
“Our team has been building technology products that are used by millions of users. I believe our diversified experience in creating smarter products across software and hardware segment will help add value to Paytm and to several of its products and services,” said Saurav Kumar, CEO & Co-Founder, Cube26.