总部位于印度德里的POS解决方案提供商Pine Labs宣布完成了一笔8200万美元的新一轮融资，领投方为ActisCapital，参投方包括美国科技投资基金Altimeter Capital。截至目前，该公司的融资总金额已经超过了1.3亿美元。
Pine Labs公司成立于1998年，创始人为Rajul Garg，主要提供基于云技术的POS支付解决方案，除了允许商家接受信用卡和借记卡支付，还支持电子钱包、二维码等最新的支付解决方案以及印度统一支付接口（UPI）支付服务。
目前，该公司在全印度范围内与7.5万家零售商户建立了合作，其中包括Marks and Spencer、Pantaloons、Shoppers Stop和Westside等主要的连锁零售店。现阶段，Pine Labs的POS终端机大约有30万台，覆盖到该国10%的零售市场，占到银行卡交易15%的市场份额。
Digital retail payments platform Pine Labs has raised $82 million in a fresh round of funding led by Actis Capital and new investor Altimeter Capital, its Chief Executive Lokvir Kapoor told BloombergQuint over phone.
The investment values the company at close to $1 billion, two people privy to the development said requesting anonymity as the details of the deal have not been made public. Kapoor declined to comment on the company’s valuation. Venture capital fund Sequoia Capital, which is the largest shareholder in the company, did not participate in the this round, he added.
India’s digital payments markets is crowded with everyone from the government’s BHIM app and Paytm to Google’s Tez and WhatsApp trying to ride the wave after Prime Minister Narendra Modi’s decision to scrap old high-value notes encouraged cashless payments.
Pine Labs, which offers cloud-based point-of-sale payments platform to the merchants, said the funds will be used to expand in the country and launch new products and services for merchants. Part of the investment will fuel its overseas expansion plans, Kapoor added. Pine Labs has already present in Malaysia and is looking to expand further into markets such as UAE, Qatar, Indonesia and Saudi Arabia.
The company’s platform allows merchants to accept traditional electronic payment methods such as credit or debit cards issued by banks, e-wallets, QR code payment solutions or other UPI based solutions, on a single platform.
At present, it processes 450 million transactions worth more than $15 billion on an annualised basis, according to its media statement. It has deployed 300,000 payment acceptance terminals so far and is targeting 1 million PoS in three to four years, Kapoor said.
Pine Labs, which competes with Mswipe and Ezetap, looks to clock in Rs 300-400 crore of revenue by the end of this financial year.