Page 2 - Pine Labs

Mswipe Technologies gets RBI approval for payment aggregator's licence

Joins companies allowed to manage and process merchants' online transactions

Mergers & acquisitions on rise as startups diversify into newer spaces

The second half of 2022 will see further consolidation as established start-ups look for M&A opportunities at attractive valuation to increase market share

Pine Labs acquiring fintech infrastructure start-up Setu for $70-75 mn

Pine Labs, backed by investors such as Sequoia Capital, PayPal, and Mastercard, competes with fintech companies such as BharatPe, Mswipe, Paytm, and Razorpay

Pine Labs acquires API fintech startup Setu in $70 mn-$75 mn deal

Merchant commerce platform Pine Labs on Thursday announced the acquisition of Bengaluru-based API fintech startup Setu in a deal valued at USD 70-75 million

Pine Labs appoints ex-Amazon India HR Head as its chief people officer

Prior to Amazon, Vijayalakshmi Swaminathan was a founding partner at CoCoon Consulting, a cross-sectoral boutique HR consulting firm

Pine Labs announces key appointments to strengthen senior leadership

Pine Labs has appointed Varun Varma as the head of Strategy and Corporate Development and Jagriti Bhattacharya, who joins as general counsel.

Pine Labs makes majority investment in payment solution provider Mosambee

The leadership team at Mosambee will continue to operate independently.

Pine Labs raises $50 mn from Vitruvian, taking total to $920 mn in 8 months

Merchant commerce platform got $150 million from Alpha Wave Global in February and $20 million from SBI in January.

Google Pay launches Tap to Pay for UPI, in collaboration with Pine Labs

The functionality will be available to any UPI user who wants to use their NFC-enabled Android smartphone to transact using any Pine Labs Android POS terminal across the country

Pine Labs raises $50 mn, to expand BNPL offering in Southeast Asia

Pine Labs serves large, mid-sized and small merchants across India and Southeast Asia, and is expanding its Buy Now Pay Later (BNPL) offering in Southeast Asia.

Pine Labs raises $150 mn from Alpha Wave, takes total to $870 mn in 7 mths

Valuation not disclosed, though one report put the figure at $5 bn

Merchant commerce platform Pine Labs acquires online payments startup Qfix

More than 5,000 merchants are presently on the Qfix platform including educational institutions, governments and clubs

Fintech startup Pine Labs seeks to raise $500 million in IPO: Report

Labs Pvt, an Asian digital payments provider backed by Sequoia India and Mastercard Inc., is moving ahead with preparations for a US listing and seeks to raise about $500 million

State Bank of India pumps $20 million into Pine Labs in latest fintech bet

In 2021, Pine Labs had raised a total round size of $600 million from a marquee set of new investors

Pine Labs launches 'Plural Tokenizer' to help firms with RBI norms

Service announced in line with central bank's new data security guidelines coming into effect from January 1

Pine Labs enters online payments with three products under one platform

Firm says its 'Plural' platform is built to disrupt payments gateway space, make offline-to-online shift easier for merchant base and other online businesses

Aiming for $25 bn annual payments processed on Plural: Pine Labs CEO

Company says it now plans to disrupt the payments space through a suite of online payment products focused on speed, security, and user experience

US-based Invesco Fund invests $100 mn in Sequioa-backed Pine Labs

Earlier in July, the company had raised a total round size of $600 million and brought in a marquee set of new investors, which took its valuation to $3 billion

The point-of-sale machine: Clearly, there is a world beyond the swipe

The point-of-sale machine has evolved from a mere swiping facility to a tool used by merchants for inventory management, bookkeeping and more

Fintech firm Pine Labs closes $600 mn fundraise, eyes IPO in 18 months

With the current close, the valuation of the firm stands at $3 billion.