Pine Labs has raised $50 million from Vitruvian Partners. This round takes the valuation of the startup to slightly over $5 billion. The funding round also includes a $15 million ESOP buyback before its planned IPO in the US.
Pine Labs, is deeply focused on omnichannel play and is building frictionless and seamless payment experiences for our merchant partners and large enterprises. They aim to further strengthen their recent foray into online payments via Plural and take our Buy Now Pay Later (BNPL) offering to new markets through strategic collaborations.