Indian financial technology giant Paytm is expanding its global presence with a $1 million investment in Brazil-based financial startup Dinie. The investment, made by Paytm’s wholly owned subsidiary, Paytm Cloud Technologies, will secure a 25% stake in Seven Technology LLC, Dinie’s US-based parent company. UU.
Strategic Expansion in Brazil
The deal, which is expected to close within 45 days, marks a significant step in Paytm’s international growth strategy. Led by Vijay Shekhar Sharma, the company aims to acquire information on emerging markets and strengthen its position in global financial technology.
What is Dinie doing?
Although Seven Technology LLC, incorporated in October 2024 in Delaware, has no direct operations, it is the sole owner of Dinie Correspondent Bancário e Meios de Pagamento Ltda. (Dinie).
Dinie is an API-first integrated finance startup that enables digital and e-commerce platforms to deliver financial services to micro, small and medium enterprises (MSMEs) in Brazil.
However, Dinie’s income has decreased over the past period. Public disclosures show that it generated 357,920 Brazilian reals in revenue for the year ended December 31, 2024, reflecting a decrease compared to previous years.
Why Invest in Paytm?
Paytm sees this investment as a key opportunity to understand the business dynamics of merchants in Brazil and explore the growth of financial technology in Latin America.
In an official statement, Paytm clarified that this acquisition is not part of related party transactions, which ensures regulatory compliance.
Paytm financial performance
Paytm’s parent company, One 97 Communications, recently reported strong revenue growth and a narrower net loss in its latest earnings report.
For the third quarter of FY25 (October-December 2024):
Operating revenue: ₹1,828 crore, up 10% from the previous quarter, but down 36% from ₹2,850.5 crore a year ago. Net loss: Rs 208.3 crore, an improvement from Rs 219.8 crore in the same period last year.
With this latest investment, Paytm continues its footprint in global markets, leveraging its financial technology expertise to explore new business opportunities outside India.