London-based investment firm Actis has sold shares worth approximately ₹151.6 crore in Indian fintech company Pine Labs through a market transaction, continuing the trend of stake sales by early investors following the expiration of the company’s post-IPO lock-in period. According to exchange data, Actis Pine Labs Investment Holdings offloaded 9.83 million shares at a price … Read more
Enigmatic Smile is a Reward Technology Provider, focussed on linking high value rewards to consumers’ payment cards. It works seamlessly, and invisibly, in the background of existing reward programmes, re-directing billions of consumers spend to retailers in its network. On the flip side, Enigmatic Smile acts as a technology bridge for retailers to reach the consolidated … Read more
With the acquisition of Qfix Infocomm, a Mumbai-based online payments business, for an undisclosed sum, fintech unicorn Pine Labs, which is preparing to list on the New York Stock Exchange, continues its inorganic approach. Pine Labs has added another company to its range of services, following the acquisitions of Singapore-based Fave and QwikCilver Solutions. Qfix, … Read more
