Pine Labs is a provider of innovative IT solutions for the payments ecosystem.
• At 31 December 2019 Sofina has an observer seat in the decision making bodies of the company.
Pine Labs simplifies payments for more than 100,000 merchants by offering terminals suitable for all types of electronic payments. Its technology allows the different stakeholders in the value chain (issuers, acquirers, brands, customers and merchants) to interact at the payment terminal (promotions, lending, loyalty programs, etc). The company is market leader in India and is expanding internationally. In 2019, Pine Labs acquired Qwikcilver, a leading company on the gift cards segment in India. Pine Labs is also backed by Sequoia Capital, Temasek, Actis and Paypal.
India | 2015