Paytm Cloud, a wholly-owned subsidiary of One97 Communications, is set to acquire a 25% stake in Delaware-based Seven Tech for approximately Rs 8.70 crore ($1 million). The move aligns with Paytm’s broader strategy to expand its merchant payments and financial services model beyond India.
Seven Tech provides e-commerce platforms with digital financial solutions tailored for micro, small, and medium-sized enterprises (MSMEs) in Brazil. Following this acquisition, both Seven Tech and Dinie—a digital lending platform—will become associate entities of Paytm Cloud.
Launched in 2018, Paytm Cloud has been actively scaling its operations. It recently announced plans to expand into international markets, including the UAE, Saudi Arabia, and Singapore, to enhance its technology-driven merchant payments and financial services.
This development comes shortly after Paytm’s Q3 FY25 financial results. The Noida-based company reported a revenue of Rs 1,828 crore while recording a net loss of Rs 208 crore during the period.
The acquisition signals Paytm’s intent to strengthen its presence in global fintech markets, leveraging its expertise in digital payments and financial technology solutions.
