Neobank startup Jupiter acquired an HR technology startup sumHR

February 17, 2023

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Neobank startup Jupiter acquired sumHR, an HR technology startup. This is the fintech startup’s second acquisition since its inception, led by Jitendra Gupta. It paid an undisclosed sum in 2021 to acquire Y Combinator-backed savings app Easyplan.

Jupiter announced last year that it had acquired the HRtech startup. According to a company spokesperson, sumHR is currently operating as a wholly-owned subsidiary of Jupiter. After the acquisition, sumHR founder Jay Thaker will continue to lead the company. While the company did not reveal the financial terms of the transaction, Inc42 has learned that ANME (Angel Network Middle East), one of sumHR’s seed investors, exited the company following the acquisition.

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