Pine Labs Receives Investment from Mastercard
Summary
The relationship aims to expand omnichannel payment options for consumers in South Asia and beyond. Led by Lokvir Kapoor, founder and chairman, Pine Labs leverages a cloud-based platform to offer a wide range of payment acceptance and merchant commerce solutions. Its stored value platform includes issuing, processing and distributing digital gift cards for corporate customers. Pine Labs works closely with a range of financial institutions and partners who are responsible for the design and delivery of the instalment financing service to merchants and consumers. Today, it processes payments of US$30 billion per year and serves some 140,000 merchants across about 450,000 network points.
Funding
Amount
-
Total raised
Date
January 24, 2020
Announcement date
Investors
Pine Labs
Lead investors
Company
http://www.pinelabs.com
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Payments Software
Fintech Infrastructure
Commerce Platform Software
Linked Companies
Pine Labs
$100M to $250M