- Total Funding
- $18.5M
- Last Round
- $15.0M Series AApr 2020
- Rounds
- 2
- Acquisition Date
- Jun 2022
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
Pine Labs is a Fintech company based in Noida, India, founded in 2018. 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
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Funding History
Jun 2022
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Seed through Acquisition — per-round amounts, valuations, and who invested in each round.
Investors
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