Pine Labs confidentially files for an IPO in the U.S: Report

Fintech platform Pine Labs has confidentially filed for an IPO with the U.S. Securities and Exchange Commission (SEC), Bloomberg news reported on Monday, citing close sources privy to the matter. Pine Labs has so far not commented on this report. This development has come to the fore barely days after SBI, India’s largest bank,…

ByGirish ShettiJanuary 10, 20220Comments

News

IPO bound Pine Labs adds another vertical, Forays into Online Payment

Possibly months before its much anticipated IPO, merchant platform Pine Labs announced on Thursday that it is all set to enter into the payment gateway space. Foray into the payment gateway space marks a natural progression for the Noida headquartered company, which has a dominant presence in the POS, BNPL and other areas. Pine…

ByGirish ShettiOctober 15, 20210Comments

News

Fintech Unicorn Pine Labs gears up for IPO, Converts into Public Limited Company

Fintech Unicorn Pine Labs has probably taken the first major step for IPO listing, after converting its entity status from private limited to a public limited company. This news was first reported by the news portal Entrackr, which claimed that the company’s parent firm (based in Singapore) has passed a special resolution to change its…

ByGirish ShettiSeptember 14, 20210Comments

Funding News

IPO bound Pine Labs gets a Top-up of $315 Mn, closes the round at $600 Mn

Fintech major Pine Labs announced on Tuesday that it has added an additional $315 Mn in the ongoing funding round. Subsequently, the unicorn fintech major has closed the ongoing funding round at $600 Mn. The latest funding tranche, like its previous funding round, was funded by scores of crossover and international investors. Fidelity management, Black…

ByGirish ShettiJuly 6, 20210Comments

Funding News

Monday Manic: Pine labs, Lens Kart & Moglix raise Massive funds

Pine labs, Lens Kart and Moglix, the three high profile startups, announced on Monday that they have raised fresh funding rounds, turning the typical Monday blues into Monday Manic. Monday manic is actually fancy way of saying that there is no stopping the Indian startup’s recent funding juggernaut, which has even managed to remain immune…

ByGirish ShettiMay 17, 20210Comments

Funding News

Pine Labs Valuation exceeds $2 Bn after fresh Capital Infusion

B2B Fintech startup Pine Labs, which offers POS solutions to merchants, has witnessed fresh bump up in its valuation following fresh capital infusion. The startup on Monday announced that it has raised undisclosed amount of funding from Lone Pine. Logo of fintech startup Pine Labs Pine Labs is currently India's third-largest Fintech startup following Paytm and PhonePe.…

ByGirish ShettiDecember 21, 20200Comments

News

Pine Labs gets First Data’s Regional MD Nitish Asthana to head its Operations

Nitish Asthana will be the new COO & President of the Noida based B2B Fintech startup Pine Labs. Asthana will join the newly appointed CEO Amirsh Rau in ramping up Pine Lab’s finance operation and merchant acquisition as it looks to consolidate its position in India and South East Asian market. Asthana is a big name…

ByGirish ShettiJuly 27, 20200Comments

News

With eye on SEA market, Pine Labs makes Strategic investment in Fave

India’s leading B2B Fintech startup Pine Labs has made undisclosed amount of investment in Fave, a Singapore based digital platform that provides QR payment and loyalty cashback to offline merchants. This is a strategic investment made by Pine Labs, which means that both companies have struck a partnership that will help to propel the growth…

ByGirish ShettiJuly 22, 20200Comments

Funding News

Pine Labs may be the Next Entrant in India’s Unicorn World

It has been raining unicorns for Indian startup Industry during last one and half years. India has witnessed as many as 10-15 unicorns during the same period. Of course, India is still no match to U.S. and China as both these countries comparatively boast far greater number of startups carrying valuation of more than $1…

ByGirish ShettiOctober 10, 20190Comments

Acquisitions

Pine Labs Consolidates Gifting Biz with Qwikcilver Acquisition

Fintech startup Pine Labs has decided to consolidate its position in corporate gifting space by acquiring gift card solutions provider Qwikcilver. Pine Labs has signed a definitive agreement to this effect and will pay nearly $ 110 million for this acquisition. The acquisition will be funded partly by company’s cash reserves and the remaining by…

ByGirish ShettiMarch 20, 20190Comments

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