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Buffet's Berkshire Hathaway Makes Foreign Fintech Play

Monday, Jan 07 2019
News
Written by  FinTech Brief Staff

Bucking tradition, Berkshire Hathaway recently invested approximately $600 million in two emerging foreign Fintech companies, StoneCo and Paytm. So reports CNBC.

The companies, India's biggest mobile payment service and a Brazilian pay processor, respectively, both "dominate" their market. The investments came at the direction of Todd Combs, who has a background in payments. He will sit on the Paytm board in the wake of Berkshire's investment.

Read the full article from CNBC.

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