Paytm Shares Soar 5% as Firm Invests in Brazilian FinTech Startup Dinie
2025-02-03
Business Today on MSN.com
Shares of One 97 Communications Ltd, the parent company of Paytm, surged over 5% on Wednesday after its subsidiary, Paytm Cloud Technologies Limited, invested $1 million in Seven Technology LLC, the parent company of Brazilian embedded finance startup Dinie. This strategic move marks Paytm's entry into the Brazilian market, expanding its fintech portfolio. With this investment, Paytm acquires a 25% stake in Dinie, bolstering its position in the global digital payments landscape. The fintech industry is expected to continue growing, driven by innovative technologies and increasing demand for online payment solutions.
