Reported about 14 hours ago
Pine Labs, the Indian fintech startup backed by PayPal and Mastercard, is set to go public this week with a valuation 40% lower than its previous round in 2022, pricing shares at ₹210-₹221 ($2.00-$2.50). Despite reducing its offering, the company is focused on expanding its international reach, providing digital payment solutions in 20 countries and serving over 980,000 merchants. CEO Amrish Rau emphasizes the need for goodwill from investors as the firm targets to leverage its technological expertise globally, while competing in the Indian market with established players like Razorpay and Paytm.
Source: YAHOO