Pine Labs Funding | Pixr8 News

Singapore, July 6, 2021 - Pine Labs, one of Asia’s leading merchant commerce platforms raises $600 million with the entry of new investors Fidelity Management, BlackRock, Ishana, Tree Line, and a fund advised by Neuberger Berman Investment Advisers LLC at $3 billion valuations. IIFL AMC via its ‘Late-Stage Tech Fund’ and Kotak are also participating in this investment round. Pine Labs continues to be well-financed and has been EBITDA profitable for several years. The company is backed by Sequoia Capital, Temasek Holdings, Actis, PayPal and Mastercard amongst other leading global investors. “Over the last year, Pine Labs has made significant progress in its Offline to Online strategy in India and the direct-to-consumer play in Southeast Asia. Our full-stack approach to payments an...

Pine Labs, a payment service provider, received a funding round of $82 million from Actis Capital and Altimeter Capital announced Lokvir Kapoor, CEO of the company. Although the exact amount of shares sold by Pine Labs remained secret, two individuals close to the firm revealed as anonymous source that the funding values the FinTech startup at close to $1 billion. This funding comes at a time when digital payments providers in India are increasingly attractive to investors. The funding round at Pine Labs comes after the company initiated sale talks with tactical bodies but unfortunately didn’t conclude in a deal. Pine Labs provide cloud-based point of sale (PoS) payment solutions, enabling merchants to accept credit or debit card payments, e-wallets, QR code payment solutions and uni...

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Pine Labs raises $600 mn at $3 Billion Valuation

Pine Labs Receives Huge Funding to Expand Internationally