Pine Labs acquires API infrastructure startup Setu
Image Credit: economic times
Merchant commerce platform Pine Labs has acquired fintech infrastructure company Setu. “Setu will retain its team and brand and continue to run independently,” the company’s co-founder Sahil Kini said. This is the third acquisition for Pine Labs in 2022. The Singapore-registered company picked up a majority stake in payments solution provider Mosambee in April and Mumbai-based online payments startup Qfix in February.