Pine Labs, an online payments and merchant solutions company, is in the last stages of talks with Falcon Edge to raise $100 million, after which it will be valued at roughly $5-5.5 billion, according to sources. Pine Labs is now planning to list in the United States by the end of the first half of next year.

Pine Labs, sponsored by Sequoia Capital and Mastercard, is a renowned payments startup known for its merchant payments platform. It just entered the online payments market as part of its diversification strategy. Plural, the company's payment gateway platform, was established in October to enter India's fast-growing online payments sector.


Pine Labs' current round of funding follows a $100 million investment from Invesco, a US-based investment business, in September. This was preceded by a $600 million investment in the company this year, split into two tranches.


Pine Labs' current round of funding follows a $100 million investment from Invesco, a US-based investment business, in September. This was preceded by a $600 million investment in the company this year, split into two tranches.

Pine Labs specialises in creating software and deployment solutions for storefront Point of Sale (POS) devices. On its freshly constructed software platform, the payments company has been broadening its products with enterprise solutions such as Buy Now, Pay Later (BNPL) interfaces, invoicing management, payment gateway, and prepaid card issuance.

Prior to going public, the Noida-based firm is said to be focused on four to five areas of growth in FY22. Digital QR, merchant commerce, internet payments, and consumer payments via its newly acquired platform Fave are among them.