Pine Labs acquires API infrastructure startup Setu
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.