Payments company Unimoni Enterprise Solutions, formerly TimesofMoney, is in a soup, from potentially misappropriated funds to questionable invoicing of a top client.
The story of TimesofMoney is interesting, to say the least.
The digital payments processing company started about 20 years ago, under the fledgling Times Internet Ltd, the internet arm of the Times Group, one of India’s biggest media and internet groups. Over the years, TimesofMoney has offered services such as money transfers and billing and payment gateways for businesses.
In 2012, it changed hands, with the Times Group selling it to UAE-based Network International, one of the oldest payment solutions companies in the Middle East.
In 2018, it changed hands yet again, being acquired by Finablr, another UAE-based, and London-listed, …
Arti is a former writer at The Morning Context. She previously worked with publications such as ET Prime, VCCircle, Firstpost and EETimes. Arti has keenly tracked the evolution of financial technology in India and written some of the defining pieces on the ecosystem as it birthed and matured. Even when not writing about it, she loves to dissect the revenue models, margins and regulations that are shaping the sector.
artisingh@mailtmc.com