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Paytm acquires 100% ownership of lending startup CreditMate

CreditMate : Paytm acquires 100% ownership of lending startup CreditMate_50.1

Online payment services provider, Paytm has acquired a 100% stake in Mumbai-based digital lending startup CreditMate. However, the transaction details of the deal have not been disclosed. The Paytm Group will now be the 100% beneficial owners of the business, while the co-founders of CreditMate will exit the business.

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About the CreditMate:

CreditMate was founded in 2019 by Jonathan Bill, Ashish Doshi, Swati Lad and Aditya Singh as a collection platform that helps lenders collect overdue payments from borrowers.

Important takeaways for all competitive exams:

  • Paytm HQ: Noida, Uttar Pradesh;
  • Paytm Founder & CEO: Vijay Shekhar Sharma;
  • Paytm Founded: 2009.

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CreditMate : Paytm acquires 100% ownership of lending startup CreditMate_60.1

CreditMate : Paytm acquires 100% ownership of lending startup CreditMate_70.1

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