Categories: Business

Paytm acquires 100% ownership of lending startup CreditMate

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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Sumit Arora

As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.