Tagged: pine labs

Indian Fintech Pine Labs Appoints PayPal’s Rangarajan as its Head of Engineering

India’s leading payment gateway Pine Labs has appointed Rangaprasad Rangarajan as the Head of Engineering – Online Payments. The company aims to build an offline-to-online strategy with recent US $600 million fundraisings besides developing world-class payment gateway services to help merchants make a winning omnichannel… Read More

Pine Labs Raises More Money: $600 Million Funding Round

Pine Labs is raising more money, according to a statement from the firm. Pine Labs says that Fidelity Management & Research Company, funds managed by BlackRock, Ishana, Tree Line, and a fund advised by Neuberger Berman Investment Advisers LLC are all participating in the funding…. Read More

Asian Merchant Commerce Platform Pine Labs Acquires Additional Funding, Now Valued at $3B

Mastercard-backed Pine Labs, an Indian merchant commerce service provider, has finalized the first close of $285 million in funding at a $3 billion valuation. Pine Labs provides payment terminals, invoicing tools, and working capital to over 150,000 merchants in the Middle East and other regions… Read More

Payments Solution Provider Fave Acquired for $45M by Asian Commerce Platform Pine Labs

Payments solution provider Fave has reportedly been acquired by Pine Labs, an Asian commerce platform. The acquistion deal is deal valued at more than RM 185 million (appr. $45 million). With this strategic acquisition, Indian consumers may now use the Fave app at some point… Read More

Pine Labs Reports that CIMB Bank, HSBC Bank, Others are Using its Buy Now Pay Later Solution, Now Also Available in Malaysia

Pine Labs, an Asian merchant commerce solution provider that’s backed by payments giant Mastercard, has introduced a Buy Now, Pay Later (BNPL) solution in Malaysia. Pine Labs aims to offer a technology-focused offline payments platform where several different credit card issuers can use a common… Read More

India-Based Merchant Commerce Platform Pine Labs Announces Southeast Asia Expansion Through Mastercard Partnership

    Pine Labs, an India-based merchant commerce platform, announced on Thursday it is expanding its services to Southeast Asia, thanks to key organizational changes. As previously reported, Pine Labs notably offers a merchant platform that includes technology and financial solutions for merchants to help… Read More

Indian Digital Payments Fintech Pine Labs Is Now Valued at $2 Billion following New Investment Round

Digital payments firm Pine Labs has reportedly secured $75-100 million through an investment round that was led by US-headquartered hedge fund Lone Pine Capital, which is known for financing established US businesses like Uber. Pine Labs is now valued at approimately $2 billion — a… Read More

India’s ICICI Bank Launches All-Digital Mode of Payment that Will Support Flexible Purchasing Plans

India-based banking group ICICI Bank has launched an all-digital mode of payment at major retail stores. Referred to as the “ICICI Bank Cardless EMI” (Equated Monthly Instalments), the facility allows thousands of the bank’s pre-approved customers to purchase their favorite gadgets or home appliances simply… Read More

Pine Labs Partners ZestMoney, a Leading Consumer Lending Fintech in India, to Offer In-Store Digital Equated Monthly Installment Options

Pine Labs has teamed up with ZestMoney, a leading consumer lending Fintech firm based in India. Through the partnership, the companies will offer in-store digital equated monthly installment (EMI) options to “new-to-credit” customers via Pine Labs’ Plutus and Plutus Smart point of sale (PoS) devices. … Read More

India-Based Merchant Commerce Platform Pine Labs Scores Investment From Mastercard

Pine Labs, an India-based merchant commerce platform, has received a significant investment from multinational financial services giant Mastercard. According to Pine Labs and Mastercard, the investment is part of a partnership to continue the rapid growth of convenient electronic payment options for consumers across the… Read More

PayPal & Temasek Acquires Minority Take in India Digital Retail Payments Platform Pine Labs

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Pine Labs, an India-based digital payments platform, announced on Thursday Temasek, a global investment company headquartered in Singapore, and PayPal Holdings Inc., have acquired minority stakes in the company for a combined $125 million. The latest investment comes just a couple of months after Pine Labs secured $82… Read More

India-Based Digital Payments Platform Pine Labs Secures $82 Million Through Latest Investment Round Led By Actis Capital

Pine Labs, an India-based digital payments platform, has secured $82 million through its latest investment round, which was led by Actis Capital, with participation from Altimeter Capital. Founded in 1998, Pine Labs stated it began its journey with specialty payment & loyalty solutions for closed-user group… Read More

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