Paytm Cloud to acquire 25% stake in Brazil’s Seven Technology for $1 mn
Paytm Cloud Technologies, the wholly owned subsidiary of fintech firm Paytm, is set to acquire a 25 per cent stake in a Brazil-based embedded finance firm Seven Technology for $1 million.
The acquisition of a stake in Seven Technology will enable the company to understand the merchants’ business landscape in the Brazilian market, Paytm said.
