Paytm Cloud to Acquire 25% Stake in US Fintech For US$1 Million
Fintech News
FEBRUARY 3, 2025
Paytm s subsidiary, Paytm Cloud Technologies Limited (PCTL), is set to acquire a 25% stake in the US-based fintech startup Seven Technology LLC for 8.7 crore (US$1 million). This move follows Paytms recent announcement of plans to establish three new subsidiaries in the UAE, Saudi Arabia, and Singapore through PCTL, aiming to expand its tech-driven payment and financial services on a global scale.
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