With the investment by Pine Labs, Mosambee is now valued at upwards of $100 million, the company said.
The investment comes at a time when Pine Labs is gearing up for its public listing in the US<\/a> and has been raising funds. ET reported on March 29 that the company had raised $50 million <\/a>from London-based private equity major Vitruvian Partners, valuing the payments fintech at just over $5 billion.
In February, Pine Labs had also raised $150 million <\/a>in a mix of primary and secondary funding from Alpha Wave Global. The merchant focussed fintech has been on the lookout for fintech-based software and infrastructure providers to bolster its offerings to small and medium enterprises (SMEs) as well as launch newer offerings.
As a part of the current deal, the leadership team at Mosambee will continue to operate independently.
Founded in 2008, Mosambee offers merchant payment solutions for online as well as offline merchants including mobile point of sale (mPoS) system as well as a wallets payment system. It has clients in India and six other countries.
“At Pine Labs, we continue to focus on deep technology and SaaS. Ever since its founding, Mosambee has made tremendous inroads into elevating the merchant experience through cutting-edge fintech solutions. They were a natural fit for us due to our shared purpose of making innovative fintech products accessible to all and driving forward the digital payment revolution in India,” said Pine Labs chief executive, Amrish Rau<\/a>, in a statement.
Last year, Pine Labs acquired Singapore-based loyalty payments startup Fave<\/a>, to bolster its presence in Malaysia, Singapore and other Southeast Asian geographies. It had plans to offer unified payments interface (UPI)-based payments to consumers in India, through the acquisition as well.
This year, it announced the acquisition of Mumbai-based online payments startup Qfix Infocomm for an undisclosed sum<\/a>, to offer business software tools including online invoicing and workflow management to new-age direct-to-consumer (D2C) brands. ET also reported on February 2 that the company was in talks to acquire API-based fintech infrastructure startup, Setu. <\/a>
“Mosambee today caters to a wide array of businesses, from SMEs to private and government entities to leading banking institutions in India. With extensive reach of Pine Labs and their portfolio companies, we aim to continue to deliver strong profitability and breakthrough solutions to our clients,” said Sameer Chugh, cofounder of Mosambee.
In February, Mosambee had also announced the acquisition of Benow, a digital payments and EMI technology platform. The acquisition will help Pine Labs further as it tries to scale its ‘Pay Later’ proposition to newer markets outside India.
As of March, Pine Labs claims to have more than 250,000 merchant relationships across over 675,000 merchant network touchpoints in India and Southeast Asia.
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班加罗尔:
电子支付和金融服务提供商,松实验室周三宣布的多数股权支付解决方案提供商,Mosambee。
与投资松实验室,Mosambee现在价值超过1亿美元,该公司表示。
投资正值松实验室是准备在美国上市并筹集资金。3月29日报道,该公司筹集了5000万美元总部位于伦敦的私人股本主要维特鲁威伙伴,重视支付fintech略高于50亿美元。
今年2月,松树实验室也筹集了1.5亿美元在主要和次要的资金从α波全球。商人集中fintech一直在寻找fintech-based软件和基础设施提供商来支持它的产品,中小企业(sme)以及推出新产品。
当前协议的一部分,在Mosambee领导团队将继续独立运作。
成立于2008年,Mosambee提供网上和网下的商人商人支付解决方案包括移动销售点(mpo)系统以及钱包支付系统。它已经在印度和其他六个国家的客户。
“松实验室,我们继续关注深技术和SaaS。自成立以来,Mosambee使得巨大的进军提升通过尖端fintech商人经验解决方案。他们是适合我们由于我们共享的目的使创新fintech产品和推动数字支付革命在印度,“松实验室首席执行官说,Amrish劳在一份声明中。
去年,松树实验室获得新加坡忠诚支付启动的最爱、加强其在马来西亚、新加坡等东南亚地区。它计划提供统一的支付接口(UPI)在印度的消费者支付,通过收购。
今年,它宣布了收购孟买在线支付启动Qfix Infocomm金额不详网上,提供商业软件工具,包括发票和工作流管理新时代电视直销(D2C)品牌。也有报道称,2月2日,该公司基于在谈判收购api的fintech基础设施启动,是以。
“今天Mosambee迎合各种企业、中小企业的私人和政府实体在印度领先的银行机构。拥有丰富的松树实验室和他们的投资组合公司,我们的目标是继续实现强劲盈利能力和突破性的解决方案给我们的客户,”Mosambee Sameer丘格说,联合创始人。
今年2月,Mosambee也宣布收购Benow,数字支付和EMI的技术平台。此次收购将帮助其进一步松实验室规模,因为它试图支付后的命题在印度以外的新市场。
截至3月,松树实验室声称有超过250000商业关系在675000多商家网络接触点在印度和东南亚。
与投资松实验室,Mosambee现在价值超过1亿美元,该公司表示。
投资正值松实验室是准备在美国上市并筹集资金。3月29日报道,该公司筹集了5000万美元总部位于伦敦的私人股本主要维特鲁威伙伴,重视支付fintech略高于50亿美元。
今年2月,松树实验室也筹集了1.5亿美元在主要和次要的资金从α波全球。商人集中fintech一直在寻找fintech-based软件和基础设施提供商来支持它的产品,中小企业(sme)以及推出新产品。
当前协议的一部分,在Mosambee领导团队将继续独立运作。
成立于2008年,Mosambee提供网上和网下的商人商人支付解决方案包括移动销售点(mpo)系统以及钱包支付系统。它已经在印度和其他六个国家的客户。
“松实验室,我们继续关注深技术和SaaS。自成立以来,Mosambee使得巨大的进军提升通过尖端fintech商人经验解决方案。他们是适合我们由于我们共享的目的使创新fintech产品和推动数字支付革命在印度,“松实验室首席执行官说,Amrish劳在一份声明中。
去年,松树实验室获得新加坡忠诚支付启动的最爱、加强其在马来西亚、新加坡等东南亚地区。它计划提供统一的支付接口(UPI)在印度的消费者支付,通过收购。
今年,它宣布了收购孟买在线支付启动Qfix Infocomm金额不详网上,提供商业软件工具,包括发票和工作流管理新时代电视直销(D2C)品牌。也有报道称,2月2日,该公司基于在谈判收购api的fintech基础设施启动,是以。
“今天Mosambee迎合各种企业、中小企业的私人和政府实体在印度领先的银行机构。拥有丰富的松树实验室和他们的投资组合公司,我们的目标是继续实现强劲盈利能力和突破性的解决方案给我们的客户,”Mosambee Sameer丘格说,联合创始人。
今年2月,Mosambee也宣布收购Benow,数字支付和EMI的技术平台。此次收购将帮助其进一步松实验室规模,因为它试图支付后的命题在印度以外的新市场。
截至3月,松树实验室声称有超过250000商业关系在675000多商家网络接触点在印度和东南亚。
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