“At Pine Labs we have built a great terminal, however merchants build strong relationships with their servicing apps or banking partners. Pine Labs also plans to introduce invoice-discounting or revenue-based lending to these partners, in the next 3 months, through its non-banking finance partners. “For 2021, Pine Labs will broadly be focussed on three strong growth lines. Currently, there are close to 100,000 terminals being deployed at offline stores in the country, with Pine Labs contributing close to 20% of that deployment, Rau added. In December, last year, Pine Labs announced raising close to $100 million from Lone Pine Capital as part of secondary and primary share sale.

Source: Mint January 27, 2021 11:19 UTC