How much funding has Pine Labs raised?

Pine Labs has raised $18.5M in total funding, most recently a Series A round.

Who are Pine Labs's investors?

Pine Labs's investors include Lightspeed VP, Bharat Inclusion Seed Fund.

Where is Pine Labs headquartered?

Pine Labs is headquartered in Noida, India.

What industry is Pine Labs in?

Pine Labs operates in Fintech, Payments.

How many employees does Pine Labs have?

Pine Labs has 51-200 employees.

Pine Labs

Acquired

The fastest way to offer the latest in fintech.

Noida, India · Founded 2018 · $18.5M raised

Fintech

Payments

Headquarters: Noida
Employees: 51–200
Founded: 2018
Business Model: B2B

Website: setu.co
Total Funding: $18.5M
Last Round: $15.0M Series AApr 2020
Rounds: 2

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 VP and Bharat Inclusion Seed Fund.