Pine Labs raises $50 Mn from Vitruvian Partners at $5 Bn valuation
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Fintech unicorn Pine Labs has closed a recent funding round worth $50 Mn, raising money from PE company Vitruvian Partners at a valuation of slightly more than $5 Bn. According to the ET report, the funding round also includes a $15 Mn ESOP buyback before its planned IPO in the US. Pine Labs raised $150 Mn from Alpha Wave Ventures last month, at a little over $5 Bn valuation.