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Paytm to Acquire 25% Stake in Brazilian Finance Startup Dinie

Dinie provides digital financial services to micro, small, and medium-sized enterprises (MSMEs) through e-commerce platforms in Brazil.
Paytm to Acquire 25% Stake in Brazilian Finance Startup Dinie

Paytm's wholly owned subsidiary, Paytm Cloud Technologies Limited (PCTL), has approved an investment of $1 million (Rs 8.7 crore) to acquire a 25% stake in Seven Technology LLC, the parent company of Brazilian embedded finance startup Dinie.

This move is part of Paytm's strategy to expand its merchant payments and financial services model internationally, especially in emerging markets with strong fintech potential.

Dinie provides digital financial services to micro, small, and medium-sized enterprises (MSMEs) through e-commerce platforms in Brazil. The acquisition is expected to be completed within 45 days.

"This investment would help in understanding the merchants’ business landscape and opportunity in the Brazilian market," the Paytm said in a regulatory filing.

Once the acquisition is complete, Seven Technology and Dinie will become associate entities of Paytm, which means they will be closely linked but not fully integrated operations. This step is a significant part of Paytm's broader strategy to expand its merchant payments and financial services model internationally.

To recall, last year in February Paytm acquired Bitsila, a cloud-based marketing suite solutions provider for businesses, based in Bengaluru.
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