Pine Labs, founded in 1998 and based in Noida, is a leading Indian fintech and merchant commerce platform. It provides payment solutions like PoS systems, UPI/QR payments, EMI financing, and gift cards. Operating in India, Southeast Asia, and the Middle East, it serves over 915,000 merchants and processed ₹3.35 lakh crore in Gross Transaction Value from April to December 2024.
Its two key business segments are Digital Infrastructure & Transaction Platform and Issuing & Acquiring Platform. Backed by global investors like Temasek, PayPal, and Sequoia, Pine Labs is now preparing for a ₹2,600 crore IPO to support technology upgrades and global expansion.
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