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Current Affairs - 2021
Which company has recently acquired 100% stake in digital lending startup CreditMate?
A)
Paytm
B)
Facebook
C)
ICICI Bank
D)
HDFC Bank

Correct Answer :   Paytm


IPO-bound digital payments major Paytm has acquired a 100% stake in Mumbai-based digital lending startup CreditMate for an undisclosed amount.
 
The founders of CreditMate have sold their stake to Paytm, cofounder and chief commercial officer Aditya Singh said in a LinkedIn post.
 
"Happy to announce that we have successfully exited CreditMate. The Paytm Group will now become 100% beneficial owners of the business. As a cofounder, I am fortunate to have managed all the functions at CreditMate during this journey and led the company over the past few months of transition," Singh said.

Published On : October 4, 2021
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