Close Menu
fintechbits
  • News
  • AI
  • Acquisitions
  • Trends
  • Insights
  • Rumors
  • Startups
  • finjobsly

Subscribe to Updates

Get the latest news from Fintechbits.

Trending Now

DECENTRO rewards its initial employees with ESOP redemption after surpassing ₹45,000 crores in payment volume.

July 30, 2025

Alibaba’s finance chief shows optimism about the trajectory of China’s AI and consumer market.

July 30, 2025

London-based Finutup Fintech secures 6.3 million euros in funding and introduces a Stablecoin API for borderless payment solutions.

July 30, 2025

Enhancing Automation: AI in Finance Awards 2025

July 30, 2025
Facebook X (Twitter) Instagram
Trending
  • DECENTRO rewards its initial employees with ESOP redemption after surpassing ₹45,000 crores in payment volume.
  • Alibaba’s finance chief shows optimism about the trajectory of China’s AI and consumer market.
  • London-based Finutup Fintech secures 6.3 million euros in funding and introduces a Stablecoin API for borderless payment solutions.
  • Enhancing Automation: AI in Finance Awards 2025
  • Hongshan-backed Fintech startup in Hong Kong raises $40 million to enhance Stablecoin initiative.
  • Google remains silent on whether the UK secretly asked for a compromised door to access user data.
  • Kuvi.ai introduces the private beta release of its agency financing system.
  • File downloads, live video searches, and additional features
Facebook X (Twitter) Instagram Pinterest Vimeo
fintechbits
  • News

    The Journey of Sofi: Transitioning from Student Loans to Fintech Dominance

    July 25, 2025

    This Week in Fintech: Biweekly News Summary for June 24

    July 19, 2025

    Fintech and Global Expansion as Russia’s National Center Hosts a Major Session at SPIEF 2025 in Salt Lake City News, Weather, and Sports Updates

    July 15, 2025

    Alona Shevtsova emphasizes the importance of connection at the recent London Fintech Club event – London Business News

    July 15, 2025

    Unicorn Bank Zero represents the final achievement of his fintech journey.

    July 9, 2025
  • AI

    Alibaba’s finance chief shows optimism about the trajectory of China’s AI and consumer market.

    July 30, 2025

    Enhancing Automation: AI in Finance Awards 2025

    July 30, 2025

    Kuvi.ai introduces the private beta release of its agency financing system.

    July 30, 2025

    A Driver of Financial Control Centered on AI

    July 30, 2025

    Confidence emerges as the primary barrier to the integration of AI agents in finance and accounting, despite positive attitudes toward the technology.

    July 29, 2025
  • Acquisitions

    African fintech leaders are shaping the industry through worldwide acquisitions.

    June 30, 2025

    Acrisure obtains significant funding to enhance its fintech strategy.

    June 14, 2025

    $200 million IPO SPAC aims for acquisitions in fintech and AI sectors.

    June 1, 2025

    Wealthsimple hires multiple teams to enhance family financial management.

    May 31, 2025

    The HPS of Morocco plans to acquire a Fintech company by 2027, referred to as CEO – TradingView News.

    May 3, 2025
  • Trends

    Exploring the Challenges of a Unsuccessful Proposal in a Turbulent Fintech Environment

    July 29, 2025

    European fintech company Tractial boosts its Bitcoin holdings to 25.03 BTC, highlighting trends in institutional cryptocurrency adoption.

    July 24, 2025

    Impacts of Q2 2025 Success for QCR Holdings Compared to Revenue Shortfall: A Disconnect in the Fintech Sector

    July 24, 2025

    Trends in Fintech and Key Safety Considerations

    July 22, 2025

    Market size, share, trends, and business profiles in the Fintech industry

    July 10, 2025
  • Insights

    Co-founder of Wise claims £10 billion fintech misled investors

    July 29, 2025

    Bruce Markets obtains strategic investment from Apex Fintech Solutions, Robinhood, and Tastytrade.

    July 23, 2025

    ICAPITAL Fintech Achieves a Valuation Exceeding $7.5 Billion in Recent Fundraising Amid Surge in Private Markets

    July 10, 2025

    Alphalésaka Technologies: The Potential Transformative Impact of Recent Fintech Acquisition

    July 9, 2025

    Surge Continuation Funds in Europe Prepared for the 2025 Records – Fintech Schweiz Digital Finance News

    July 7, 2025
  • Rumors

    Hang Seng Electronic denies claims of partnership with anti-establishment groups as stock exchange declines by 0.17%

    July 29, 2025

    Kakaopay Stock Halted Amid Concerns Over Stablecoins

    July 26, 2025

    JPMorgan’s new fintech fees are provoking a response from the industry.

    July 26, 2025

    Bitcoin Surged 2.00% in 24 Hours Amid Trump’s Cryptographic Market Rumors

    July 26, 2025

    A rapidly expanding fintech amid high valuations and future profits

    July 25, 2025
  • Startups

    DECENTRO rewards its initial employees with ESOP redemption after surpassing ₹45,000 crores in payment volume.

    July 30, 2025

    London-based Finutup Fintech secures 6.3 million euros in funding and introduces a Stablecoin API for borderless payment solutions.

    July 30, 2025

    Hongshan-backed Fintech startup in Hong Kong raises $40 million to enhance Stablecoin initiative.

    July 30, 2025

    Google remains silent on whether the UK secretly asked for a compromised door to access user data.

    July 30, 2025

    File downloads, live video searches, and additional features

    July 30, 2025
  • finjobsly
fintechbits
Home » With IPO plans in full swing, Pine Labs chooses five banks – StartupNews.fyi
Startup News

With IPO plans in full swing, Pine Labs chooses five banks – StartupNews.fyi

3 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Hover Datalab Logo.svg .svgxml
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link
SUMMARY

Months after learning that Pine Labs was looking to go public, the fintech giant reportedly chose Axis Capital, Morgan Stanley, Citigroup, JP Morgan and Jefferies for its billion-dollar IPO.

The company is expected to go public in the first half of FY26.

There will be a secondary transaction worth $100 million (approximately INR 842.5 Cr), enabling the transfer of shares between existing investors and new venture capital firms, as part of the pre-funding. IPO.

Months after learning that Pine LaboratoriesPine Labs Datalabs_in-article-iconPine Labs Datalabs_in-article-icon sought to make publicThe fintech major has reportedly chosen five investment banks as advisors for its $1 billion (approximately INR 8,424.7 Cr) initial public offering (IPO).

Pine Labs has chosen Axis Capital, Morgan Stanley, Citigroup, JP Morgan and Jefferies to execute its IPO mandate, scheduled to launch in the first half of FY26, Moneycontrol reported, citing sources familiar with the matter .

Inc42 has contacted Pine Labs for comment on the development. The story will be updated based on the response.

The report also states that there will be a secondary transaction worth $100 million (approximately INR 842.5 Cr), enabling transfer of shares between existing investors and new venture capital firms, in the framework of pre-IPO financing.

Reports about the company’s plans to go public were initially released in June, revealing that the company would likely seek a valuation of more than $6 billion for its IPO.

Pine Labs, founded in 1998 by Lokvir Kapoor, Rajul Garg and Tarun Upadhyay, is a diversified payment solutions provider, including point-of-sale devices and payment systems for businesses. It also offers other solutions such as pay later, rewards and cashback to businesses.

So far, the fintech player has raised around $1.6 billion in total funding from investors including Peak XV Partners, Actis Capital, Temasek, PayPal, Mastercard, Alpha Wave Global, Chimera Capital and State Bank of India.

As part of a series of various moves by Pine Labs to shift its base to India, the fintech startup has secured the initial set of approvals of the National Company Law Tribunal (NCLT) to merge its Singapore entity with its Indian subsidiary in August.

This development comes at a time when startups across various sectors are motivated to launch on exchanges, with at least 10 companies debuting this year. Meanwhile, there is a huge queue of startups expected to go public in the following year.

For example, a few days ago, OfBusiness, the B2B marketplace backed by SoftBank, roped on five banks including Axis Capital, Morgan Stanley, JPMorgan, Citigroup and Bank of America for its up to $1 billion IPO, planned for next year.

Meanwhile, manufacturer of audio products and smart watches embarked boat ICICI Securities, Goldman Sachs and Nomura as bankers for its $300 million to $500 million IPO next year, about two weeks ago.

Updated at 10:48 a.m.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

DECENTRO rewards its initial employees with ESOP redemption after surpassing ₹45,000 crores in payment volume.

July 30, 2025

London-based Finutup Fintech secures 6.3 million euros in funding and introduces a Stablecoin API for borderless payment solutions.

July 30, 2025

Hongshan-backed Fintech startup in Hong Kong raises $40 million to enhance Stablecoin initiative.

July 30, 2025
Leave A Reply Cancel Reply

Latest news

DECENTRO rewards its initial employees with ESOP redemption after surpassing ₹45,000 crores in payment volume.

July 30, 2025

Alibaba’s finance chief shows optimism about the trajectory of China’s AI and consumer market.

July 30, 2025

London-based Finutup Fintech secures 6.3 million euros in funding and introduces a Stablecoin API for borderless payment solutions.

July 30, 2025
News
  • AI in Finance (1,412)
  • Breaking News (159)
  • Corporate Acquisitions (65)
  • Industry Trends (182)
  • Jobs Market News (297)
  • Market Insights (193)
  • Market Rumors (258)
  • Regulatory Updates (154)
  • Startup News (949)
  • Technology Innovations (156)
  • X Feed (1)
About US
About US

FintechBits is a blog delivering the latest news and insights in fintech, finance, and technology. We cover breaking news, market trends, innovations, and expert opinions to keep you informed about the future of finance

Facebook X (Twitter) Instagram Pinterest Reddit TikTok
News
  • AI in Finance (1,412)
  • Breaking News (159)
  • Corporate Acquisitions (65)
  • Industry Trends (182)
  • Jobs Market News (297)
  • Market Insights (193)
  • Market Rumors (258)
  • Regulatory Updates (154)
  • Startup News (949)
  • Technology Innovations (156)
  • X Feed (1)
Happening Now

November 28, 2024

“ Intentionally collaborative ”: how the Rotman school of U of T leads Innovation Fintech

February 6, 2025

‘1957 Ventures’ to Drive FinTech Innovation in Saudi Arabia

September 10, 2024
  • About FintechBits
  • Advertise With us
  • Contact us
  • Disclaimer
  • Privacy Policy
  • Terms and services
  • BUY OUR EBOOK GUIDE
© 2025 Designed by Fintechbits

Type above and press Enter to search. Press Esc to cancel.