Credit Saison of Japan and Temasek Holdings of Singapore are among leading investors engaged in talks with Fino Paytech to buy a significant minority stake, two people aware of the development said.
Fino has mandated Credit Suisse to manage the transaction and non-binding offers are expected to be placed in the next few weeks, the people cited above said on condition of anonymity. Fino Paytech operates payment bank and financial technology services businesses. Credit Saison is a financial services company while Temasek Holdings is Singapore’s sovereign wealth fund.
