Invesco Developing Markets led a $100m investment in Pine Labs.

Invesco Developing Markets, a fund that invests in emerging and developing market stocks, led a $100m investment in Pine Labs, an Indian merchant platform company. “Over the last 18 months we have scaled our Prepaid Issuing stack, Online Payments, and also the Buy Now Pay Later offering. We continue to make progress in the larger Asian markets with our BNPL platform. Very excited to have a marquee investor like Invesco join us in the journey,” B. Amrish Rau, Pine Labs CEO.