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Paytm Invests $1 Million to Acquire 25% Stake in Brazilian Startup Dinie

Paytm’s wholly-owned subsidiary, Paytm Cloud Technologies Limited (PCTL), has announced a $1 million (Rs 8.7 crore) investment to acquire a 25% stake in Seven Technology LLC, the parent company of Brazilian embedded finance startup Dinie. The deal, disclosed in a regulatory filing, is expected to conclude within the next 45 days.

This acquisition is part of Paytm’s larger strategy to expand its merchant payments and financial services business internationally, focusing on emerging fintech markets. Following the deal, Seven Technology and Dinie will become associate entities of Paytm’s parent company, One97 Communications. Paytm views the investment as an opportunity to better understand Brazil’s merchant business environment and explore potential growth prospects in the region.

Although Seven Technology itself doesn’t operate independently, Dinie has seen a significant decline in revenues in recent years, with earnings falling from BRL 4.01 million (Rs 6.11 crore) in 2022 to BRL 357,920 (Rs 0.56 crore) in 2024. Despite these challenges, Paytm is optimistic about the fintech potential in Brazil.

This move aligns with Paytm’s recent efforts to expand globally. During its Q3 FY25 earnings call in January 2025, the company revealed plans to establish operations in the UAE, Saudi Arabia, and Singapore to strengthen its merchant payments and financial services offerings.

Simultaneously, Paytm is restructuring its global operations by cutting ties with subsidiaries associated with its legacy One97 Communications business, which primarily provided marketing services for telecom operators in various regions. These subsidiaries no longer align with Paytm’s core focus on merchant payments.

Tags: DiniePAYTM

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