Announced
Completed
Financials
Sources
Tags
Private
Acquisition
Friendly
Cross Border
retail automation
software
payment processing
Payments / Commerce
India
Completed
Single Bidder
Minority
Synopsis
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.
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