India-based merchant commerce solution provider Pine Labs has acquired its investee Malaysian-based payments and deal discovery platform Fave in a deal valued at US$45 million. This move is expected t...
India-based merchant commerce solution provider Pine Labs has acquired its investee Malaysian-based payments and deal discovery platform Fave in a deal valued at US$45 million. This move is expected to enable the company get into the consumer payments segment. With this multi-million cash and stock deal, Fave is planning to launch its payments app in India later this year. This strategic partnership will thus allow Pine Labs to expand its services while providing consumers with the ability to use the payments platform across half a million retail points and merchants.
Contact us on live chat or fill out a form with your enquiry
