Paytm to enter Brazil’s fintech market with $1M stake in Dinie parent

Quick Summary:

The fintech firm is acquiring a 25% stake in in Seven Technology, the Delaware-based parent of Brazilian embedded finance startup Dinie.

This The deal, executed through its wholly owned subsidiary Paytm Cloud Technologies Limited (PCTL), will give Paytm a 25% stake in Seven Technology.

Launched by the Central Bank of Brazil in 2020, it facilitates real-time payments and has been widely adopted across businesses and consumers.

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Article Details

Author / Journalist: Sayan Sen

Category: StartupsEconomyBusiness

Markets: IndiaBhutanBrazilFranceMalaysiaMauritiusNepalSaudi ArabiaSingaporeSri LankaUnited Arab Emirates

Topics: Investment Privacy Services International Fintech Dinie Payments Firm Paytm Digital Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-03 @ 04:34:08 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 395 words

Reading Time: 3 minutes read

Sentences: 30 lines

Sentence Length: 14 words per sentence (average)

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News ID: 25765079

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