Pine Labs, a merchant commerce platform, has announced the appointment of Marc Mathenz as the Chief Financial Officer.
Pine Labs is expanding to newer markets with its popular tech-first Pay Later proposition, recently introduced a mass-use digital payments product like AllTap and acquired Southeast Asia’s leading consumer fintech platform called Fave, the company said in a statement.
Commenting on Mathenz’s appointment, B Amrish Rau, CEO, Pine Labs, said, “In this key phase of growth for Pine Labs, I am delighted to welcome Marc Mathenz as the next CFO. Marc takes over the reins from Sameer who has done a great job as CFO and now moves to a new role in Capital Markets for the organisation. Marc is a multidimensional leader with deep financial expertise and will help steer the Pine Labs battleship, which is poised for bigger and better milestones in its journey ahead. A great addition to our leadership team as we scale new frontiers in the times ahead. On a lighter note, I knew we had the right fit when Marc picked Moneyball as his favourite movie ever; a willingness to succeed against all odds, that’s a winner’s trait. I wish Marc the best.”
Marc Mathenz, CFO, Pine Labs, said, “I am very excited to be joining Pine Labs at this pivotal point in its journey. As the company sets out to become a merchant and consumer focused payments and fintech market leader across Asia Pacific, I hope that my experience in managing and scaling multi-country and multi-cultural businesses will help Pine Labs accelerate its already steep growth trajectory.”
Pine Labs powers more than 500,000 merchant network touchpoints in 3,700 cities. The company is expanding its global footprint and scaling operations in Southeast Asia.
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.