Paytm Cloud Technologies, a wholly owned subsidiary of Paytm, has approved a $1 million (Rs 8.7 crore) investment to acquire a 25 per cent stake in Seven Technology LLC, the parent company of Brazilian embedded finance startup Dinie. The move, disclosed in a regulatory filing, marks a significant step in Paytm’s international expansion strategy.
With this acquisition, Seven Technology and Dinie will become associate entities of One97 Communications, Paytm’s parent company. The investment is expected to provide Paytm with deeper insights into Brazil’s merchant business ecosystem and bolster its presence in emerging fintech markets. The deal is anticipated to close within 45 days, with the investment made entirely in cash.
Despite a sharp revenue decline for Dinie—from BRL 4.01 million (Rs 6.11 crore) in 2022 to BRL 357,920 (Rs 0.56 crore) in 2024—Paytm remains optimistic about the long-term potential of Brazil’s fintech sector.
The investment aligns with Paytm’s broader global ambitions. In its recent quarterly earnings announcement on 20th January, the company outlined expansion plans in the UAE, Saudi Arabia and Singapore. Paytm’s board has already approved the incorporation of wholly owned subsidiaries in these regions, with an initial investment of up to Rs 20 crore per subsidiary.
Additionally, Paytm is working to streamline its overseas operations by rationalising subsidiaries under One97 Communications that are linked to legacy businesses. These subsidiaries, primarily operating in the Middle East, Southeast Asia, South Asia and Africa, offer marketing services to telecom operators.
With this latest strategic move, Paytm is reinforcing its commitment to scaling its merchant payments and financial services globally while optimising its operational structure for sustained growth in key international markets.
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