{"id":32402,"date":"2022-03-30T13:10:28","date_gmt":"2022-03-30T07:40:28","guid":{"rendered":"https:\/\/tradebrains.in\/features\/biz-pinelabs-funding\/"},"modified":"2022-03-30T13:19:42","modified_gmt":"2022-03-30T07:49:42","slug":"biz-pinelabs-funding","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-pinelabs-funding\/","title":{"rendered":"Pine Labs raises $ 50 million from Vitruvian Partners"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1752549841\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>New Delhi, Mar 30 (PTI) Fintech firm Pine Labs has raised USD 50 million (about Rs 380 crore) from London-headquartered international investment firm Vitruvian Partners.\u00a0 \tPine Labs CEO B Amrish Rau said the company aims to further strengthen its foray into online payments with Buy Now Pay Later offering to new markets through strategic collaborations.\u00a0 \t&#8220;We welcome Vitruvian Partners in this journey and thank them for the trust shown in us,&#8221; Rau said.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4024509054\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>Vitruvian Partners, Partner, Peter Read said that the investment in Pine Labs follows several investments that it has made in the digital payments space.<\/p>\n<p>&#8220;We are excited to partner with the management team as they continue to drive digital transformation within the rapidly growing Indian payments market,&#8221; Read said.<\/p>\n<p>Pine Labs is expanding its BNPL offering in Southeast Asia, it said in a statement.<\/p><div class=\"trade-content_5\" id=\"trade-3273521312\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>In April 2021, Pine Labs acquired Fave, a consumer fintech platform that provides a smart payment app to consumers looking to pay and save. Fave is currently available in Singapore, Malaysia and Indonesia with a planned rollout in India in the near term. PTI PRS  BAL BAL<\/p>\n<div class=\"trade-after-content\" id=\"trade-447161398\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>New Delhi, Mar 30 (PTI) Fintech firm Pine Labs has raised USD 50 million (about Rs 380 crore) from London-headquartered international investment firm Vitruvian Partners.\u00a0 Pine Labs CEO B Amrish Rau said the company aims to further strengthen its foray into online payments with Buy Now Pay Later offering to new markets through strategic collaborations.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-32402","post","type-post","status-publish","format-standard","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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