Three firms have advised on Paytm group’s strategic USD1 million acquisition of a 25% stake in Seven Technology, the parent company of Brazil-based tech startup Dinie Correspondente Bancário e Meios de Pagamento Ltda.
Saraf and Partners acted for Paytm Cloud Technologies on all aspects of the transaction, including deal structuring, drafting and reviewing transaction documents, and assisting in closing the deal. Partner Sahil Arora led the team.
Bronstein, Zilberberg, Chueiri & Potenza Advogados acted as Paytm’s international counsel, advising on Brazil-related matters.
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian counselled Dinie and its founders.
Dinie is a leading API-first embedded finance startup in Brazil and this acquisition marks Paytm’s entry into the South American country. An API is an application programming interface that allows two applications to communicate with each other.
Paytm is a leading Indian fintech company offering digital payments, financial services and e-commerce solutions. Paytm’s acquisition of Dinie, which provides digital financial services to MSMEs, means the Indian company can extend its successful technology-driven merchant payments and financial services model to a high-growth international market.
