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Pine Labs has hired Morgan Stanley and Goldman Sachs as advisors for its intial public offering next year in the US

The hack by BlackMatter Ransomware group has allegedly exposed service and other private agreements between multiple Indian banks/institutions and Pine Labs

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 ...

Saritha Rai, Bloomberg News Lights illuminate USB cables inside a 'mining rig' computer, used to mine cryptocurrency, in Budapest, Hungary, on Wednesday, Jan. 31, 2018. Cryptocurrencies are not living up to their comparisons with gold as a store of value, tumbling Monday as an equities sell-off in Asia extended the biggest rout in global stocks in two years. Photographer: Akos Stiller/Bloomberg , Bloomberg (Bloomberg) -- Pine Labs Pvt, a payments platform for merchants in India and Southeast Asia, closed a $600 million fundraising round with...

Pine Labs gets funding at $3.5-billion valuation ahead of US IPO SECTIONS Share Synopsis Fintech startup Pine Labs has raised $315 million from Fidelity and BlackRock, among others, to close its latest funding round at $600 million. The company is eyeing a US IPO in the next 18 months, CEO Amrish Rau says. Amrish Rau, co-founder and chief executive oficer, Pine Labs. Mumbai: Payments and merchant commerce startup Pine Labs has raised $315 million from a slew of new investors such as Fidelity Management, as well as funds managed by BlackRock, Ishana, Tree Line, and Neuberger Berman Investment ...