Paytm secures $660mn

December 16, 2019 | Payments

Written by FinTech Alliance

Paytm secures $660mn

Paytm has raised around $660mn in a new funding round.

In Brief:

  • Investors include Alipay, SoftBank’s SVF Panther and others.

  • 2.6mn shares are being allocated according to the deal.

  • The company received $1bn funding last month.

What does this mean?

The FinTech has been gathering funds to increase merchant expansion efforts. It will also focus on lending, insurance and banking capabilities and expand reach across India.

Read more here.

 

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