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Pe Major Vitruvian Partners Invests $50M In Pine Labs

Mar 29, 2022•over 3 years ago

Amount Raised

$50 Million

Description

Bengaluru: Digital payments and financial service provider Pine Labs has closed another $50 million in funding from London’s private equity major Vitruvian Partners at a valuation of just over $5 billion, according to regulatory documents in Singapore and people briefed on the matter.

Company Information

Company

Pine Labs

About

The startup says it processes tens of billions of payment transactions. Over 6 million consumers across over 40,000 merchant establishments now have access to the Fave app, the startup said. Pine Labs said on Tuesday it has closed a $600 million financing round as the Asian merchant commerce platform sets the goal to explore the public markets within two years. “Through its acquisitions of QwikCilver and Fave, Pine Labs now has the market leading pre-paid platform in this region as well as the top consumer loyalty product in this market.

Company News

(10 articles)

Tue, 11 Mar 2025 07:00:00 GMT

Pine Labs partners with Visa to provide Visa Instalment Solutions to merchants across key markets in Southeast Asia - PR Newswire

Wed, 23 Apr 2025 07:00:00 GMT

Pine Labs files draft papers with SEBI to raise funds via IPO, plans ₹2,600 crore fresh issue - Upstox

Tue, 13 Apr 2021 07:00:00 GMT

Pine Labs acquires Southeast Asian startup Fave for $45 million - TechCrunch

Tue, 06 Jul 2021 07:00:00 GMT

Pine Labs announces a total round size of USD 600M - PR Newswire

Mon, 28 Jul 2025 07:00:00 GMT

Pine Labs IPO Date, Review, Price, Allotment Details - IPO Watch

Tue, 01 Mar 2022 08:00:00 GMT

About Dheeraj Chowdhry - FF News | Fintech Finance

Tue, 27 May 2025 07:00:00 GMT

Finance Minister Nirmala Sitharaman visits Noida-headquartered Fintech firm Pine Labs office - Zee Business

FundzWatch™ Score

Medium Activity

Funding Insights

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