Highlights
- Saraf and Partners advised Paytm group in the strategic acquisition of a 25% stake in Seven Technology LLC, marking Paytm’s entry into the Brazilian market.
- The partnership with Dinie Correspondente Bancário e Meios de Pagamento Ltda. enables Paytm to extend its technology-led merchant payments and financial services model into the Brazilian market.
Saraf and Partners (S&P) acted for and advised Paytm group in the strategic acquisition by Paytm Cloud Technologies Limited (Paytm) of 25% stake in Seven Technology LLC, the parent company of Dinie Correspondente Bancário e Meios de Pagamento Ltda. (Dinie), a dynamic, API-first embedded finance start-up in Brazil. The acquisition marks Paytm’s entry into the Brazilian market.
By partnering with Dinie, a company enabling digital financial services for MSMEs, the deal allows Paytm to extend its proven technology-led merchant payments and financial services model into a high-potential international market.
The transaction underscores Paytm’s commitment to leveraging its expertise beyond India and solidifies its ambition to establish a global fintech footprint.
S&P acted for Paytm group on all aspects involved in the transaction including deal structuring, drafting & reviewing of the transaction documents as well as providing assistance in closing of the transaction. The transaction team at S&P was led by Sahil Arora (Partner).
Bronstein, Zilberberg, Chueiri & Potenza Advogados (BZCP) acted as international counsel for Paytm on this transaction (including on Brazil-related aspects).
Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP (Gunderson) acted as legal counsel to Dinie and its founders.
