Pine Labs secures USD 285 mln in new funding round

Monday 17 May 2021 14:41 CET | News

Pine Labs has secured USD 285 million in a new round of financing.

The investors included Baron Capital Group, Duro Capital, Marshall Wace, Moore Strategic Ventures, and Ward Ferry Management. Existing investors Temasek, Lone Pine Capital, and Sunley House Capital also participated in the round. The new investment takes the valuation of the company to about USD 3 billion, up from about USD 2 billion in December 2020 and USD 1 billion in early 2020.

Pine Labs serves merchants across Asia and the Middle East. It recently launched its buy-now-pay-later solution in Malaysia and has plans to take its instalment solution to other markets in Southeast Asia.

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Keywords: Pine Labs, funding, investment, merchants, online payments
Categories: Payments & Commerce | Online Payments
Countries: India
This article is part of category

Payments & Commerce