Existing investors Ant Financial and SoftBank are close to taking part in a $2bn round that would value digital payment services provider Paytm at $16bn.

India-based fintech developer Paytm is in the final stages of talks to raise $2bn in equity and debt financing from investors including Ant Financial, the financial services affiliate of e-commerce firm Alibaba, Bloomberg reported yesterday. Internet and telecommunications group SoftBank is expected to take part in the round, while hedge fund manager Discovery Capital Management…

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