Mastercard, PayPal and Kotak Mahindra Bank-backed payment technology provider Pine Labs has added $100m of funding to its coffers this week.
Pine Labs, an India-headquartered digital payment technology provider backed by digital payment processor PayPal, financial services firm Kotak Mahindra Bank and payment services firm Mastercard, has picked up a $100m capital injection.
Investment manager Invesco’s Developing Markets Fund supplied the cash. It followed a $600m round two months earlier that included Kotak Mahindra, investment and financial services group Fidelity, IIFL AMC’s Late-Stage Tech Fund, Ishana, Tree Line, funds managed by BlackRock and a fund advised by Neuberger Berman Investment…
