Mumbai: Pine Labs, which plans to go public in the US next year, said on Thursday that it has raised $100 million from US-based Invesco Developing Markets Fund. The new funding comes just months after it

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.

Ipo-Bound Pine Labs Raises $100 Million From Us Investment Fund

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