NEWS
NEWS
Pine Labs targets 2,600 Crore through India IPO
Indian FinTech leader Pine Labs has filed a Draft Red Herring Prospectus with SEBI, aiming to raise 2,600 crore via an initial public offering( IPO). The move, announced in June 2025,
underscores Pine Labs’ focus on strengthening its position in the digital payments space.
Pine Labs is well known for its point-of-sale systems and online payment platforms that support thousands of merchants across India and international markets. The IPO includes a fresh issue of 2,600 crore and an offer-for-sale of up to 14.8 crore shares by existing investors including Peak XV Partners, PayPal and Mastercard.
The funds will be used to enhance Pine Labs’ payment infrastructure, invest in technology development and explore expansion across Asia. Industry experts suggest the IPO is well timed, with India experiencing rapid growth in digital transactions and FinTech innovation.
A Pine Labs spokesperson stated:“ This IPO allows us to accelerate innovation and deliver greater value to merchants in India and beyond.” With over 150,000 merchant partners, Pine Labs has played a key role in driving India’ s shift towards cashless payments.
The IPO is expected to strengthen Pine Labs’ competitive edge, helping the firm scale its technology, launch new services and expand its footprint in fast-growing markets.
Klarna repositions as full digital bank ahead of IPO
Klarna has announced its transformation into a full-service digital bank as it prepares for a renewed attempt to list publicly. The Swedish FinTech, previously focused on‘ buy now, pay later’( BNPL) products, is now expanding its services to include debit cards, savings accounts and mobile plans.
The transition, revealed in June 2025, marks Klarna’ s strategic pivot to diversify revenue streams, address regulatory scrutiny and compete with global neobanks such as Revolut and Chime. growth and profitability. The launch of debit cards and partnerships with providers like Visa and AT & T highlight Klarna’ s commitment to creating a onestop-shop for financial services.
The expansion also aims to reduce Klarna’ s reliance on BNPL services, which have faced growing regulatory pressures. With new banking products and services, Klarna seeks to enhance customer loyalty and solidify its position as one of Europe’ s leading FinTech brands.
This repositioning is designed to attract investors and prepare Klarna for a stronger, more diversified public listing.
A Klarna spokesperson said:“ We’ re evolving our offering to meet all of our customers’ banking needs. Our digital services are designed to be simple, secure and convenient.”
Klarna’ s move to broaden its product suite follows the postponement of its earlier IPO plans, with the company now focused on demonstrating sustainable
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