IPO bound Pine Labs invests in payments solutions provider Mosambee
Image Credit: indian retailer
IPO bound fintech unicorn Pine Labs has made a majority investment into Mosambee, an end-to-end payment solution provider. With the latest investment from Pine Labs, Mosambee is now valued at upwards of $100 Mn. Post the acquisition, the leadership team at Mosambee will continue to operate independently and use its proprietary tech platform. However, Pine Labs has not disclosed the terms of the deal.