Pine Labs, a merchant commerce platform, has announced the appointment of Phanimohan Kalagara as its new CTO. Phanimohan Kalagara is a M.S. in Computer Science from Utah State University and has over two decades of experience of working with companies in the United States and India. Phanimohan has extensive experience in the field of technology…
Pine Labs, one of Asia’s merchant commerce platforms, has announced a new investment round in the company with the entry of Invesco, a US-based investment management company. Invesco Developing Markets Fund has invested US $100M in Pine Labs. Earlier in July 2021, the company had announced a total round size of US $600M and brought…
Pine Labs, one of Asia’s leading merchant commerce platforms, announced an investment round with the entry of new investors Fidelity Management & Research Company, funds managed by BlackRock, Ishana, Tree Line, a fund advised by Neuberger Berman Investment Advisers LLC. IIFL AMC via its ‘Late-Stage Tech Fund’ and Kotak are also participating in this investment…
Pine Labs, Asia’s merchant commerce platform, has announced that it has completed a new round of financing from public market cross-over investors including Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures and Ward Ferry Management. Existing investors Temasek, Lone Pine Capital and Sunley House Capital also participated in this funding round. In this…
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…
Fave, Southeast Asia’s consumer fintech platform, has been acquired by Pine Labs, a merchant commerce platform in a deal valued over $45 million (SG$60 million / RM185 million). Fave has enabled 6 million consumers in SEA to save over US$400 million across 40,000 retailers since 2016. With this acquisition, Indian consumers will be able to…
One of Asia’s merchant commerce platform – Pine Labs has appointed PayPal’s Tanya Naik as the Head of Omnichannel. Nitish Asthana, President and COO of Pine Labs, said – “Naik’s wealth of experience in banking, partnerships and pure play fintech will play a critical role in the launch and expansion of our omnichannel business, as…
Pine Labs, one of Asia’s merchant commerce platforms, has raised a fresh round of funding from Lone Pine Capital. With this investment, Pine Labs is now valued at over USD $2 billion. “We are thrilled to welcome Lone Pine as an investor during this exciting and transformative phase of Pine Labs’ growth journey,” commented B. Amrish…
Pine Labs, a merchant commerce platform has announced the appointment of Silicon Valley product leader Gokul Rajaram as an advisor. Prior to this, Gokul Rajaram has worked with companies like Square, Facebook, and Google, having experience of over two decades in product development and management. He currently serves on the board of Coinbase, Pinterest, The…
Mastercard announced a new partnership with TSYS, a Global Payments company. The partnership will bring consumers an advanced feature that will enable them to use their Mastercard to split transactions into installments before, during or after checkout, Mastercard said. Through this partnership, TSYS is the first processor to deliver installment capabilities to issuers in order…
Merchant commerce platform Pine Labs recently announced the appointment of Nitish Asthana as the President & Chief Operating Officer (COO). Joining the company’s leadership team, Nitish will focus on accelerating the company’s efforts towards technology innovation and increasing digital payment acceptance among merchants across India and Southeast Asia. With more than two decades of experience…
Point-of-sale service provider, Pine Labs recently announced that it has appointed Citrus Pay founder Amrish Rau as the company’s new Chief Executive Officer. The announcement comes soon after former CEO of Pine Labs, Vicky Bindra announced his resignation and Rau resigning from PayU India a month earlier. Former CEO Bindra, who was heading Pine Labs…
Pine Labs, an Indian merchant fintech platform based in Gurugram, announced that it has raised an investment from Mastercard. The amount raised remains undisclosed. As per the company’s press statement the investment is part of a partnership to keep the growth of different electronic payment options for consumers continue across the region. Lokvir Kapoor, Founder…