The online payment technology provider, which counts Mastercard and PayPal as existing investors, reportedly raised the cash at a flat $3bn valuation.
Pine Labs, an India-headquartered digital payment technology provider backed by digital payment processor PayPal and payment services firm Mastercard, secured over $600m in funding today.
Financial services firm Kotak Mahindra Bank and investment and financial services group Fidelity supplied the cash together with asset manager IIFL AMC’s Late-Stage Tech Fund, Ishana, Tree Line, funds managed by BlackRock and a fund advised by Neuberger Berman Investment Advisers.
Founded in 1998, Pine Labs provides the technology infrastructure necessary for retailers of all…
