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Warren Buffett’s Firm Invests Millions In Fintech

FYI Warren Buffett’s Berkshire Hathaway Inc. BRK.B -1.73% is hopping on the fintech bandwagon.

Berkshire invested around $600 million in recent months in two big financial-technology companies focused on emerging markets: Brazilian payment processor StoneCo. Ltd. and the parent company of India’s largest mobile-payments service, Paytm.

Both investments were spearheaded by Todd Combs, one of Berkshire’s two portfolio managers.
Regards,
Ted
https://www.wsj.com/articles/warren-buffetts-firm-invests-millions-in-fintech-1540807200?mod=searchresults&page=1&pos=1
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