Pine Labs risk score

Pine Labs, established as a pioneering force in the Financial Services and FinTech sector, has revolutionized point-of-sale payments across India and beyond. By transforming standard, card-centric terminals into versatile, cloud-based payment platforms, Pine Labs significantly reduces operational costs while augmenting revenue streams for retailers. This innovative platform accommodates a wide array of payment methods including traditional credit and debit cards, e-wallets, QR code solutions, and other UPI-based transactions, all through a single, integrated system.

As a leading entity in payment solutions, Pine Labs supports transactions for over 85,000 merchant partners across diverse industries such as retail, e-commerce, electronics, food and beverage, fashion, and more. The company has formed strategic partnerships with several non-banking financial companies (NBFCs) and has strong integrations with India’s top twelve debit and credit card issuing banks. Impressively, Pine Labs processes about 15% of India's card transactions in physical retail stores, handling approximately 450 million transactions annually, which equates to more than $15 billion as of March 2018.

Boasting about 300,000 POS terminals, Pine Labs holds a substantial 10% share of India’s total POS market, playing a crucial role in advancing the country's transition to a cashless economy. The company’s influence and operations extend internationally with significant market presence in Malaysia and the United Arab Emirates (UAE).

In terms of financial progression, Pine Labs has shown formidable growth and investor confidence, highlighted by a recent $125 million funding boost from major players like Temasek and PayPal. Following significant investments from Actis Capital and Altimeter Capital, which collectively contributed $82 million in March 2018, and an initial investment by Sequoia Capital India in 2009, Pine Labs continues to drive innovation and expand its market influence under robust financial backing.