Pine Labs

The deal would help Pine Labs strengthen its offerings across employee rewards and recognition, customer loyalty, and channel partner programmes for medium and large enterprises

The top venture capitalist also predicted that at least 25 Indian unicorns will go for IPO in the next 3-5 years

These include products like smartphones, wearables, large appliances, smart televisions, and washing machines

The RBI allowed another window to PAs existing as of March 2020 to apply to the central bank for a license

The fintech unicorn expects to process BNPL transactions worth Rs 5,000 crore this month as an increasing number of customers in small towns are buying products on EMI this festive season

Deployers of point-of-sale terminals are rethinking the way business is done

Joins companies allowed to manage and process merchants' online transactions

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

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

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

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

The leadership team at Mosambee will continue to operate independently.

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

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 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.

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

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

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

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