Paytm Cloud to Invest $1 Million to Acquire 25% Stake in Seven Technology

CIOTechOutlook Team | Monday, 03 February 2025, 14:41 IST

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Paytm Cloud Technology, the wholly owned subsidiary of fintech firm Paytm, is set to acquire a 25 percent stake in a Brazil-based implanted finance firm Seven Technology for $1 million.

The acquisition of a stake in Seven Technology will empower the organization to comprehend the business landscape of merchants in the Brazilian market, Paytm said.

The organization, incorporated in Delaware, is a parent organization of Dinnie which empowers digital and ecommerce platforms to offer financial services solutions to MSMEs in Brazil.

Following the completion of the transaction, Seven Technology and Dinnie, would become associate entities of One97 Communications (OCL), the organization which operates Paytm brand.

“We believe that our technology-led merchant payments and financial services distribution business model in India has the potential for expansion in similar international markets,” Paytm said. 

 The latest investment in a foreign organization aimed at targeting an international market which comes weeks, post Paytm sold its stake in a Japanese organization for $250 million.

One97 Communications Singapore approved the sale of Stock Acquisition Rights (SARs) held by Japan-based PayPay Corporation in 2024. Paytm's Singapore unit had acquired these SARs in September 2020.

Paytm CEO Vijay Shekhar Sharma had hinted that merchant acquisition and payment facilitation in new markets were one of the key growth segments for the firm during the organization's analyst call a month ago.

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