India Loan Platform Pine Labs Buys Fintech Setu for $75m – Mint

Indian merchant payments and lending platform Pine Labs has acquired fintech infrastructure provider Setu for about $75  million, Mint reported.

Setu, which enables users to securely share data with financial institutions, is Pine Labs’ third acquisition this year after scooping up Mumbai-based payments startup Qfix in February and buying a majority stake in payments firm Mosambee in April, the report added.

Read the full report: Mint.

ALSO READ:

China Signals Support to Fintech Firms While Tightening Control

Indian Fintech Razorpay Raises $375m, Valued at $7.5bn: Mint

Amazon, the gorilla in India’s fintech retail sector

Sean O'Meara

Sean O'Meara is an Editor at Asia Financial. He has been a newspaper man for more than 30 years, working at local, regional and national titles in the UK as a writer, sub-editor, page designer and print editor. A football, cricket and rugby fan, he has a particular interest in sports finance.

You Might also Like

Adani Scandal Ups Risk to Global Banks, India's Renewables Push

China Expands Visa-Free Entry to Nine More Countries - AP

COP29 Finance Deal Aims For $250bn From Wealthy Nations

US Seeks Review, Changes to Undersea Telecom Cable Rules