Page 3 - Pine Labs

Pine Labs may raise additional funds; aggressively scaling online biz

Close on the heels of a USD 285-million investment round, fintech major Pine Labs may raise additional funds in the coming weeks according to company official.

Pine Labs secures $285 mn funding, unicorn firm's valuation tops $3 bn

Company offers merchants payment technology and working capital; it started as a retail solutions player in petroleum.

Unicorn fintech firm Pine Labs acquires Fave in deal valued over $45 mn

Malaysia-based company Fave, which provides QR payments and loyalty cashback to restaurants and retailers, has enabled 6 million consumers in Southeast Asia to save over $400 million since 2016

Pine Labs launches AllTap app to turn phone into payment acceptance device

With AllTap, small merchants who aren't ready to invest in a traditional point-of-sale terminal can immediately start accepting digital payments on their NFC-enabled smartphone

Pine Labs' valuation tops $2 bn on closing funding from Lone Pine Capital

Funding makes it country's most valued fintech after Paytm and PhonePe. Pine Labs silent on deal size, industry sources put it at $75-100 million

Unicorn fintech company Pine Labs invests in Malaysia-based Fave

Pine Labs processes payments of $30 billion per year and serves some 150,000 merchants across about 450,000 network points in Asia.

Pine Labs plans to deploy 150,000 Android POS devices by next fiscal

The company plans to considerably scale up its Android POS network in 2020-21 to 1.5 lakh machines and diversify into newer industries

Fintech firms PhonePe and PineLabs get fresh funding from parent companies

PhonePe has received Rs 697.9 crore from its parent entity PhonePe Pvt Ltd while Pine Labs has raised about Rs 707 crore through a rights issue to its parent entity, Pine Labs Pte. Ltd

Pine Labs opens its Android application program interface to developers

Developers can use the platform to build innovative solutions for small merchants and businesses

Pine Labs gears up for next phase of growth, plans to foray into new mkts

In the next couple of years, the Noida-based firm is also expecting the total payment volume (TPV) on its transactions to rise more than four-fold to $100 billion from $23 billion

'Soonicorns': Cashing in on e-payments surge, Pine Labs eyes Unicorn tag

In the third part of a series on soon-to-become Unicorns, we take a look at Pine Labs' business model

Sequoia-backed Pine Labs raises $125 mn from Temasek and PayPal

This is the second fund-raising for the company in this calendar year after it raised $82 million in an earlier investment round

Sequoia-backed payments firm Pine Labs raises $82 mn from Actis, Altimeter

Pine currently processes 450 million transactions worth over $15 billion in a year