Pine Labs, a Noida, India-based digital payments platform, raised $82m in funding.
The round – which is reported to value the company, at $1 billion – was led by Actis Capital, with participation from Altimeter Capital.
The company will use the funds to develop new products and to continue to consolidate in India, expand in Malaysia and other Asian markets, such as the Philippines, Indonesia, Thailand and Vietnam, as well as Qatar, Saudi Arabia and United Arab Emirates.
Led by Lokvir Kapoor, chief executive officer, Pine Labs provides cloud-based PoS payments solutions featuring POS/EDC/Card Swipe Machine that enable merchants to accept all kinds of payments like Debit/Credit Cards, EMI, Reward Points, Gift Vouchers, Mobile Wallet, Cash Transfer, Cash Withdrawal, etc.
FinSMEs
15/03/2018