Page 2 - நம்பகத்தன்மை மேலாண்மை ஆராய்ச்சி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

BENGALURU (BLOOMBERG) - Pine Labs, a payments platform for merchants in India and South-east Asia, closed a US$600 million (S$807 million) fund-raising round with some of the world s largest investors, including Fidelity Management & Research and BlackRock, as it targets an initial public offering (IPO) within 18 months. The Singapore-based start-up, which offers solutions for in-store and online payments as well as prepaid, loyalty and pay later programmes, is valued at US$3 billion, chief executive Amrish Rau said. Investors participating in the round included a fund advised by Neuberger Berman Group and India s IIFL Finance and Kotak Funds. Banks and merchants pay monthly fees for using Pine Labs software as a service, with the start-up also receiving micro-fees on every transaction. Payment services are gaining popularity in Asia as smartphones become more widespread, benefiting providers such as Pine Labs.

United statesSouth australiaBamrish rauNeuberger berman groupFidelity management researchSamsung electronicsPine labSequoia capitalSoutheast asiaFidelity managementMiddle eastஒன்றுபட்டது மாநிலங்களில்கருப்பு பாறைதெற்கு ஆஸ்திரேலியாஅம்ரிஷ் ரௌநேஉபெற்கேற் பெர்மன் குழு