# LKP Finance has executed a strategic acquisition of a stake in Gyftr (Vouchagram Private) The move positions the company to capitalize on India's rapidly expanding digital payments, rewards, and transaction-led services market.

*fintech · news · 2026-01-07 · scanx.trade*

## Key points

- LKP Finance has applied to surrender its NBFC licence to focus solely on fintech operations.
- Through Mufin Pay's 100% ownership, LKP Finance gains significant indirect control over Gyftr.
- LKP Finance wrote back a Rs 1,474.24 lakh loan liability outstanding for over twelve years.
- The company faces ongoing litigation for Rs 2,122.40 lakhs, with mutual funds worth Rs 613.44 lakhs attached.
- Statutory auditors issued a qualified opinion due to unconfirmed loans of Rs 3,596.65 lakhs and ongoing litigation.

**Companies:** LKP Finance, Gyftr, Mufin Pay
**Countries:** India

[Read the full story on scanx.trade](https://scanx.trade/stock-market-news/orders-deals/lkp-finance-acquires-strategic-stake-in-gyftr-pivots-to-digital-payments-and-rewards-platform/29314788)

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