Pine Labs
Founded Year
1998Stage
Unattributed - IV | AliveTotal Raised
$1.127BValuation
$0000Last Raised
$50M | 2 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-16 points in the past 30 days
About Pine Labs
Pine Labs offers cloud-based point-of-sale (PoS) payment solutions. The company allows merchants to accept credit or debit card payments, as well as methods such as e-wallets, quick response (QR) code payment solutions, and unified payments interface (UPI)-based solutions. The company was founded in 1998 and is based in Noida, India.
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ESPs containing Pine Labs
The ESP matrix leverages data and analyst insight to identify and rank leading companies in a given technology landscape.
The omnichannel point-of-sale (POS) market, also called unified POS, provides integrated payment acceptance across digital and physical retail sales channels. These solutions provide the hardware and software to sync sales data, allowing for centralized transaction and inventory visibility. Some providers also offer customer service, shopper marketing, or sales analytics features. As more shopping…
Pine Labs named as Outperformer among 15 other companies, including Stripe, Fiserv, and Shopify.
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Research containing Pine Labs
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Pine Labs in 9 CB Insights research briefs, most recently on Jun 14, 2023.
Expert Collections containing Pine Labs
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Pine Labs is included in 8 Expert Collections, including Store tech (In-store retail tech).
Store tech (In-store retail tech)
1,711 items
Companies that make tech solutions to enable brick-and-mortar retail store operations.
Unicorns- Billion Dollar Startups
1,244 items
SMB Fintech
1,648 items
Payments
3,232 items
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Fintech 100
999 items
250 of the most promising private companies applying a mix of software and technology to transform the financial services industry.
Fintech
13,396 items
Excludes US-based companies
Latest Pine Labs News
Aug 30, 2024
Friday 30 August 2024 13:22 CET | News Pine Labs has announced with Visa in order to scale digital payments acceptance and further India’s vision of an improved and developed digital economy. Following this announcement, Pine Labs and Visa are expected to scale digital payments acceptance and further accelerate India’s strategy of an optimised digital economy. This process will take place by unveiling Pine Labs Mini, a soundbox-enabled device for QR, Near Field Communication (NFC), and card payments. In addition, both financial institutions will continue to focus on meeting the needs, preferences, and demands of clients and users in an ever-evolving market, while prioritising the process of remaining compliant with the regulatory requirements and laws of the local industry as well. More details about the partnership According to the official press release, the collaboration is expected to significantly upgrade the in-store payment experience of multiple merchants and traders across the country, which are currently relying on only printed QR codes or low-tech solutions to run their businesses. The development is set to also provide a secure and valuable choice to customers who want to pay digitally at the time of checkout. The Pine Labs Mini represents a payment acceptance device that was developed for `the masses`. The eco-friendly and economical digital payment device was equipped with QR, card, and NFC capabilities and it is expected to meet the needs of small to medium-sized enterprises (SMEs). It will also give them the possibility to capitalise on the growing client adoption of Tap-to-Pay card and smartphone transactions, as well as UPI in the region of India. The product will also help SMBs and small-scale enterprises to cross the barriers and difficulties that are related to digital payment adoption. Visa and Pine Labs will also focus on accelerating digitalisation among merchants across India, with the aim of transforming the way small businesses accept transactions and further developing the overall local financial landscape.
Pine Labs Frequently Asked Questions (FAQ)
When was Pine Labs founded?
Pine Labs was founded in 1998.
Where is Pine Labs's headquarters?
Pine Labs's headquarters is located at Candor TechSpace, 4th & 5th Floor, Noida.
What is Pine Labs's latest funding round?
Pine Labs's latest funding round is Unattributed - IV.
How much did Pine Labs raise?
Pine Labs raised a total of $1.127B.
Who are the investors of Pine Labs?
Investors of Pine Labs include Vitruvian Partners, Alpha Wave Global, State Bank of India, Invesco, Fidelity Investments and 24 more.
Who are Pine Labs's competitors?
Competitors of Pine Labs include Innoviti, Stripe, Mswipe, PayNearMe, NearPay and 7 more.
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Compare Pine Labs to Competitors
Stripe operates as a technology company that specializes in online payment processing and financial infrastructure for Internet businesses. The company provides a suite of products that enable businesses to accept payments, manage billing and subscriptions, handle in-person transactions, and integrate various financial services into their operations. Its platform is designed to support startups, enterprises, and everything in between with scalable, API-driven solutions. Stripe was formerly known as DevPayments. It was founded in 2010 and is based in South San Francisco, California.
PayNearMe develops technology to facilitate the end-to-end customer payment experience. It offers a billing and payment platform. Its platform helps users pay with cash for a range of goods and services from companies in e-commerce, property management, consumer finance, and transportation, enabling businesses and government agencies as well as retail stores to digitize cash collection processes. PayNearMe was formerly known as Handle Financial. The company was founded in 2009 and is based in Santa Clara, California.
TouchBistro is a company that focuses on providing an all-in-one point of sale (POS) and restaurant management system in the restaurant industry. The company offers a range of services including front of house, back of house, and guest engagement solutions, which help restaurateurs streamline their operations, manage their menu, sales, staff, and more. These services are designed to increase sales, improve guest experiences, and save time and money. It was founded in 2011 and is based in Toronto, Ontario.
Lemonway is a payment institution that specializes in providing payment processing and wallet management solutions for marketplaces, crowdfunding platforms, and e-commerce websites. The company offers a modular payment system that enables clients to handle transactions, from collection to disbursement, with a focus on KYC/AML regulatory compliance. Lemonway primarily serves the e-commerce industry, crowdfunding platforms, and other online marketplaces. It was founded in 2007 and is based in Paris, France.
ToneTag is a company specializing in soundwave-based communication and payment technologies within the financial and retail sectors. The company offers a range of products that facilitate contactless payments, voice-assisted transactions, and sound-based data communication for businesses and customers, ensuring secure and convenient interactions. ToneTag's solutions cater to various business types, including grocery, food and beverage, and banking services, providing them with tools for in-store and online operations. It was founded in 2013 and is based in Bengaluru, India.
Klarna specializes in providing payment solutions and services within the e-commerce sector. The company offers a platform for online shopping that includes price comparisons, deals, and various payment options to facilitate purchases for consumers. Klarna primarily serves the e-commerce industry by enabling a seamless shopping experience through its payment and financing services. It was founded in 2005 and is based in Stockholm, Sweden.
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