Mastercard and PayPal-backed fintech developer Pine Labs has collected $285m in primary and secondary financing.

Pine Labs, an India-based fintech provider backed by payment services firms Mastercard and PayPal, closed a $285m funding round today consisting of primary and secondary shares.

Baron Capital, Duro Capital, Marshall Wace, Moore Strategic Ventures, Ward Ferry Management, Temasek, Lone Pine Capital and Sunley House participated in the round, which also enabled Pine Labs’ founder, employees and early backers to sell stock.

Pine Labs did not offer a breakdown of the two concurrent transactions. The company is now valued at…

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Thierry Heles

Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
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