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.

Buy Prime Test Series for all Banking, SSC, Insurance & other exams

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.

Find More Business News Here

Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.

Recent Posts

Where is Bandhavgarh National Park Situated?

Bandhavgarh National Park is a famous wildlife destination in India, loved for its beautiful forests,…

8 hours ago

What is the Old Name of Guwahati?

Guwahati is the largest city in Assam and a gateway to Northeast India. Located on…

9 hours ago

List of Celebrities and Famous Personalities We Lost in 2024

In 2024, the world lost many beloved celebrities and famous personalities who left a lasting…

10 hours ago

Who is Known as the Father of Public Administration?

Public Administration is an important field of study that focuses on the management of government…

10 hours ago

Meena Ganesh, Iconic Malayalam Star, Dies

Meena Ganesh, a legendary Malayalam cinema and serial actor, passed away on December 19, 2024,…

11 hours ago

Goa Liberation Day 2024: Date, History, and Significance

Goa Liberation Day is celebrated on December 19 every year to mark the freedom of…

11 hours ago