- Total Funding
- $18.5M
- Last Round
- $15.0M Series AApr 2020
- Rounds
- 2
- Acquisition Date
- Jun 2022
Totals include recorded grants and other qualifying funding, not just equity. What counts toward funding.
Indexed holds 2 funding rounds and 3 investors for this company. The full record is or through the API.
About
Setu (now Setu by Pine Labs) is a Bengaluru-based fintech infrastructure company founded in 2018 by Sahil Kini and Nikhil Kumar. The company provides APIs and software that enable financial institutions and businesses to offer digital financial services including UPI payments, BBPS bill payments, account aggregation, KYC verification, and digital lending infrastructure. Setu's APIs connect businesses to India's digital public infrastructure with developer-friendly documentation, full-featured sandboxes, and pre-built UI components. Pine Labs acquired Setu in June 2022 for approximately $70-75 million.
Summary
It lists 51–200 employees. It has raised $18.5M in total across 2 rounds, most recently a $15.0M Series A round in Apr 2020. Investors include Lightspeed Venture Partners, Bharat Inclusion Seed Fund and Falcon Edge Capital.
Tech & App Stack
10 technologies & apps tracked
Every product and vendor across these categories, with where each signal came from.
Create a free account with 25 free credits every month, no card needed, to unlock the full tech & app stack, funding history, and valuations.
Funding & Exit History
Jun 2022
Sign up to see all 3 events
Funding: Seed through Series A. Amounts, valuations, and investors where available.
Investors
Similar Companies
Global fintech company operating Alipay and providing digital payment, wealth management, insuran...
Stripe provides payments, billing, money-management, fraud-prevention, and identity tools that he...
Klarna provides shoppers with flexible payment options, cashback, and financial tools while helpi...
Indian fintech super‑app offering digital payments, merchant tools, and financial services to con...
Your company? Embed this profile
Add the live badge to your site — it stays current as your funding data updates.
<a href="https://indexed.vc/companies/setu"><img src="https://indexed.vc/api/badge/company/setu" alt="Pine Labs on Indexed.vc" width="260" height="76" /></a>