独家
松树实验室正在商谈收购API基础设施初创公司Setu
在Pine Labs积极关注印度数字贷款领域之际，Setu的技术堆栈有望帮助Pine Labs彻底检查和完善其金融数据基础设施。
-
BSNL宣布六名官员被迫退休
被强制退休的军官是印度电信服务(ITS)干部，批次从1988年到1992年不等。
-
-
-
班加罗尔:面向ipo的数字支付和金融服务提供商，松实验室正在谈判收购一家基于api的基础设施公司是以三名知情人士向《经济时报》证实，这是一笔7000亿至1亿美元的现金和股权交易。
如果收购成功，Pine Labs将获得Setu的帐户聚合器同意框架和技术上述一位人士表示，这有助于该行为其计划推出的金融服务缩短上市时间。
Setu的技术堆栈消除了金融服务提供商为一个特性进行多个集成的需要。
这笔交易达成之际，Pine Labs正寻求将其产品多样化，而不仅仅是商家支付。去年，重点放在了商家上fintech通过收购新加坡的忠诚支付，向消费者服务迈出了第一步启动特别喜爱的人。它还推出了一个支付网关复数，以帮助新时代的直接面向消费者(D2C)品牌接受数字和信用挂钩的支付。
尽职调查正在进行中，Setu的董事会也收到了Pine Labs的报价。目前，他们(Pine Labs)有大约一个月的排他期，”一位知情人士说。
去年，该公司正在寻求整合其收购的礼品卡提供商Qwikcilver以及Fave的消费者平台，提供基于忠诚度和“先买后付”的解决方案。
在Pine Labs积极关注印度数字贷款领域之际，Setu的技术堆栈有望帮助Pine Labs彻底检查和完善其金融数据基础设施。
Mint于周三晚间率先报道了这一进展。
Setu成立于2018年，提供API基础设施，允许银行和其他金融机构在其平台上推出金融服务。它还允许企业突破传统的贷款评估模式，如短信阅读、屏幕抓取和文件上传，并允许服务提供商通过消费者同意无缝收集数据。
Setu与授权的帐户聚合器合作，并为用户提供可定制的屏幕，以注册、批准、拒绝和管理数据同意请求。
Setu还拥有自己的沙盒，允许开发人员在技术堆栈之上构建自己的解决方案。
Pine Labs的少数几笔大型收购只是围绕着开拓新市场和推出新领域。然而，随着令牌化、账户聚合器框架和个人数据保护法案等监管变化，它正被迫考虑技术堆栈和同意层，这在以后可能很难构建，”一位了解讨论的人士表示。
Setu联合创始人库马尔(Nikhil Kumar)拒绝就相关讨论置评。
迄今为止，Setu已经筹集了1800多万美元的股权融资。它的竞争对手M2P Fintech最近宣布获得5600万美元的融资，由总部位于纽约的私募股权公司领投了解合作伙伴．
今年1月，ET报道称，消息人士称Pine Labs已向美国证券交易委员会提交了价值5亿美元的“保密”首次公开募股(IPO)，并寻求估值在60亿至70亿美元之间。同月，该公司还从印度最大的贷款机构筹集了2000万美元，印度国家银行．
ET上个月还报道称，Falcon Edge正在谈判向Pine Labs投资至少1亿美元
如果收购成功，Pine Labs将获得Setu的帐户聚合器同意框架和技术上述一位人士表示，这有助于该行为其计划推出的金融服务缩短上市时间。
Setu的技术堆栈消除了金融服务提供商为一个特性进行多个集成的需要。
尽职调查正在进行中，Setu的董事会也收到了Pine Labs的报价。目前，他们(Pine Labs)有大约一个月的排他期，”一位知情人士说。
去年，该公司正在寻求整合其收购的礼品卡提供商Qwikcilver以及Fave的消费者平台，提供基于忠诚度和“先买后付”的解决方案。
在Pine Labs积极关注印度数字贷款领域之际，Setu的技术堆栈有望帮助Pine Labs彻底检查和完善其金融数据基础设施。
Mint于周三晚间率先报道了这一进展。
Setu成立于2018年，提供API基础设施，允许银行和其他金融机构在其平台上推出金融服务。它还允许企业突破传统的贷款评估模式，如短信阅读、屏幕抓取和文件上传，并允许服务提供商通过消费者同意无缝收集数据。
Setu还拥有自己的沙盒，允许开发人员在技术堆栈之上构建自己的解决方案。
Pine Labs的少数几笔大型收购只是围绕着开拓新市场和推出新领域。然而，随着令牌化、账户聚合器框架和个人数据保护法案等监管变化，它正被迫考虑技术堆栈和同意层，这在以后可能很难构建，”一位了解讨论的人士表示。
Setu联合创始人库马尔(Nikhil Kumar)拒绝就相关讨论置评。
迄今为止，Setu已经筹集了1800多万美元的股权融资。它的竞争对手M2P Fintech最近宣布获得5600万美元的融资，由总部位于纽约的私募股权公司领投了解合作伙伴．
今年1月，ET报道称，消息人士称Pine Labs已向美国证券交易委员会提交了价值5亿美元的“保密”首次公开募股(IPO)，并寻求估值在60亿至70亿美元之间。同月，该公司还从印度最大的贷款机构筹集了2000万美元，印度国家银行．
ET上个月还报道称，Falcon Edge正在谈判向Pine Labs投资至少1亿美元
Bengaluru: IPO-bound digital payment and financial services provider, Pine Labs<\/a> is in talks to acquire API-based infrastructure company Setu<\/a> in a cash and equity deal for $70- $100 million, three persons aware of the discussion confirmed to ET.
If the acquisition comes through, Pine Labs will get access to Setu\u2019s Account Aggregator consent framework and technology<\/a>, helping it improves market time for its planned financial services launch, according to one of the persons cited above.
Setu\u2019s technology stack eliminates the need for financial service providers to make multiple integrations for one feature.
If the acquisition comes through, Pine Labs will get access to Setu\u2019s Account Aggregator consent framework and technology<\/a>, helping it improves market time for its planned financial services launch, according to one of the persons cited above.
Setu\u2019s technology stack eliminates the need for financial service providers to make multiple integrations for one feature.
<\/div><\/div>The deal comes at a time when Pine Labs is looking to diversify its offerings from just merchant payments. Last year, the merchant-focussed fintech<\/a> took its first steps towards consumer offerings with the acquisition of Singapore-based loyalty payments startup<\/a> Fave. It also launched a payment gateway, Plural, to help new-age direct-to-consumer (D2C) brands accept digital and credit-linked payments.
\u201cThe due-diligence is underway and Setu\u2019s board has also been apprised of the offer from Pine Labs. Currently, they (Pine Labs) have the exclusivity window for about a month,\u201d a person briefed on the matter said.
Last year, the company was looking to consolidate its acquisitions of gift card provider Qwikcilver<\/a> and Fave on its consumer platform, to offer loyalty-based and \u2018buy-now-pay-later\u2019 solutions.
Setu\u2019s technology stack is expected to help Pine Labs overhaul and refine its financial data infrastructure at a time when it is actively eyeing India\u2019s digital lending space.
Mint was first to report on the development on Wednesday evening.
Founded in 2018, Setu provides API infrastructure, which allows banks and other financial institutions to launch financial services on its platform. It also allows companies to break through old modes of loan assessment such as SMS readings, screen scrapings and file uploads and allows service providers to seamlessly collect data through consumer consent.
\u201cThe due-diligence is underway and Setu\u2019s board has also been apprised of the offer from Pine Labs. Currently, they (Pine Labs) have the exclusivity window for about a month,\u201d a person briefed on the matter said.
Last year, the company was looking to consolidate its acquisitions of gift card provider Qwikcilver<\/a> and Fave on its consumer platform, to offer loyalty-based and \u2018buy-now-pay-later\u2019 solutions.
Setu\u2019s technology stack is expected to help Pine Labs overhaul and refine its financial data infrastructure at a time when it is actively eyeing India\u2019s digital lending space.
Mint was first to report on the development on Wednesday evening.
Founded in 2018, Setu provides API infrastructure, which allows banks and other financial institutions to launch financial services on its platform. It also allows companies to break through old modes of loan assessment such as SMS readings, screen scrapings and file uploads and allows service providers to seamlessly collect data through consumer consent.
<\/div><\/div>Setu partners with licensed account aggregators and provides customisable screens for users to register, approve, reject and manage data consent requests.
Setu also owns its own sandbox which allows developers to build their own solutions on top of the technology stack.
\u201cThe few large acquisitions by Pine Labs have only been around diversifying into new markets and launching new segments. However, with regulatory changes like tokenisation, the account aggregator framework and the personal data protection bill, it is being forced to think of the technology stack and the consent layer, which may be hard to build later,\u201d said a person who was aware of the discussions.
Setu cofounder Nikhil Kumar declined to comment on the discussions.
To date, Setu has raised a little over $18 million in equity funding. Its competitor M2P Fintech recently announced its $56 million raise, which was led by New York-based private equity firm Insight Partners<\/a>.
In January, ET had reported, citing sources that Pine Labs had filed for a \u2018confidential\u2019 initial public offering (IPO) worth $500 million with the US Securities and Exchange Commission, and was seeking a valuation between $6 billion to $7 billion. The same month the company also raised $20 million from India\u2019s largest lender, State Bank of India<\/a>.
ET had also reported last month that Falcon Edge was in talks to invest at least $100 million in Pine Labs
<\/div><\/div>
Setu also owns its own sandbox which allows developers to build their own solutions on top of the technology stack.
\u201cThe few large acquisitions by Pine Labs have only been around diversifying into new markets and launching new segments. However, with regulatory changes like tokenisation, the account aggregator framework and the personal data protection bill, it is being forced to think of the technology stack and the consent layer, which may be hard to build later,\u201d said a person who was aware of the discussions.
Setu cofounder Nikhil Kumar declined to comment on the discussions.
To date, Setu has raised a little over $18 million in equity funding. Its competitor M2P Fintech recently announced its $56 million raise, which was led by New York-based private equity firm Insight Partners<\/a>.
In January, ET had reported, citing sources that Pine Labs had filed for a \u2018confidential\u2019 initial public offering (IPO) worth $500 million with the US Securities and Exchange Commission, and was seeking a valuation between $6 billion to $7 billion. The same month the company also raised $20 million from India\u2019s largest lender, State Bank of India<\/a>.
ET had also reported last month that Falcon Edge was in talks to invest at least $100 million in Pine Labs
<\/div><\/div>
Follow and connect with us on Twitter<\/a>, Facebook<\/a>, Linkedin<\/a>, Youtube<\/a><\/div>","NumberOfSentences":{"minfo":"22.0","minfoseo":"22-0"},"AutomatedReadabilityIndex":{"minfo":"14.0","minfoseo":"14-0"},"LastPublishMilliTime":{"minfo":"1643877708236","minfoseo":"1643877708236"},"ReadabilityGradeLevel":{"minfo":"College","minfoseo":"college"},"GadgetsMarkedReviewed":{"minfo":"0","minfoseo":"0"},"HashCode":{"minfo":"789394695","minfoseo":"789394695"},"latestnewsflag":{"minfo":"1.0","minfoseo":"1-0"},"canonicalURL":{"minfo":"https:\/\/economictimes.indiatimes.com\/tech\/startups\/pine-labs-in-talks-to-acquire-api-infrastructure-startup-setu\/articleshow\/89306624.cms","minfoseo":"https\/economictimes-indiatimes-com\/tech\/startups\/pine-labs-in-talks-to-acquire-api-infrastructure-startup-setu\/articleshow\/89306624-cms"},"NumberOfCharacters":{"minfo":"3441.0","minfoseo":"3441-0"},"NumberOfWords":{"minfo":"533.0","minfoseo":"533-0"},"key":{"0":{"keyid":"86111","value":"setu","smid":"0","keynameseo":"setu","keytype":"","keycount":"totalcount","weightage":"100"},"1":{"keyid":"6355118","value":"technology","smid":"0","keynameseo":"technology","keytype":"","keycount":"totalcount","weightage":"20"},"2":{"keyid":"6354731","value":"state bank of india","smid":"0","keynameseo":"state-bank-of-india","keytype":"","keycount":"totalcount","weightage":"20"},"3":{"keyid":"138263","value":"startup","smid":"0","keynameseo":"startup","keytype":"","keycount":"totalcount","weightage":"20"},"4":{"keyid":"1885090","value":"qwikcilver","smid":"0","keynameseo":"qwikcilver","keytype":"","keycount":"totalcount","weightage":"20"},"5":{"keyid":"1552189","value":"pine labs","smid":"0","keynameseo":"pine-labs","keytype":"","keycount":"totalcount","weightage":"20"},"7":{"keyid":"7496169","value":"insight partners","smid":"0","keynameseo":"insight-partners","keytype":"","keycount":"totalcount","weightage":"20"},"8":{"keyid":"2461546","value":"fintech","smid":"0","keynameseo":"fintech","keytype":"","keycount":"totalcount","weightage":"20"},"9":{"keyid":"89002","value":"api","smid":"0","keynameseo":"api","keytype":"","keycount":"totalcount","weightage":"20"}},"authorsplit":[],"similarlytagged":[{"msid":"89319248","stname":"Pine Labs in talks to acquire API infrastructure startup Setu","artsyn":"Setu\u2019s technology stack is expected to help Pine Labs overhaul and refine its financial data infrastructure at a time when it is actively eyeing India\u2019s digital lending space.","seolocation":"telecomnews\/pine-labs-in-talks-to-acquire-api-infrastructure-startup-setu","seolocationalt":"Pine Labs in talks to acquire API infrastructure startup Setu","url_seo":"pine-labs-in-talks-to-acquire-api-infrastructure-startup-setu"},{"msid":"46409312","stname":"Budget 2015: Government sets up SETU & AIM to encourage innovation, R&D","artsyn":"Jaitley said SETU will be a Techno-Financial, Incubation and Facilitation Programme to support all aspects of start up businesses.","seolocation":"budget-2015-government-sets-up-setu-aim-to-encourage-innovation-rd","seolocationalt":"Budget 2015: Government sets up SETU & AIM to encourage innovation, R&D","url_seo":"budget-2015-government-sets-up-setu-aim-to-encourage-innovation-rd"}],"primeid":0,"storytags":{"categoryTag":{"sectionid":"49830939","sectionname":"TelecomNews","seolocation":"telecomnews","seolocationalt":"telecomnews"},"otherTags":[{"keyid":"86111","value":"setu","smid":"0","keynameseo":"setu","keytype":"","keycount":"totalcount","weightage":"100"},{"keyid":"6355118","value":"technology","smid":"0","keynameseo":"technology","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6354731","value":"state bank of india","smid":"0","keynameseo":"state-bank-of-india","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"138263","value":"startup","smid":"0","keynameseo":"startup","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"1885090","value":"qwikcilver","smid":"0","keynameseo":"qwikcilver","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"1552189","value":"pine labs","smid":"0","keynameseo":"pine-labs","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"6357247","value":"Internet","smid":"0","keynameseo":"Internet","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"7496169","value":"insight partners","smid":"0","keynameseo":"insight-partners","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"2461546","value":"fintech","smid":"0","keynameseo":"fintech","keytype":"","keycount":"totalcount","weightage":"20"},{"keyid":"89002","value":"api","smid":"0","keynameseo":"api","keytype":"","keycount":"totalcount","weightage":"20"}],"filterTags":[]},"formattedTags":{"companyTags":[],"otherTags":[{"name":"state bank of india"},{"name":"insight partners"},{"name":"technology"},{"name":"qwikcilver"},{"name":"pine labs"},{"name":"Internet"},{"name":"startup"},{"name":"fintech"},{"name":"setu"},{"name":"api"}],"newsCategoryTags":[{"name":"TelecomNews","seolocation":"telecomnews"}],"breadcrumbTags":["setu","technology","state bank of india","startup","qwikcilver","pine labs","Internet","insight partners","fintech","api"],"filterTags":[]},"breadcrumbTags":["setu","technology","state bank of india","startup","qwikcilver","pine labs","Internet","insight partners","fintech","api"],"Alttitle":{"minfo":""},"Altdescription":{"minfo":""},"amp_url":"\/\/www.iser-br.com\/amp\/news\/pine-labs-in-talks-to-acquire-api-infrastructure-startup-setu\/89319248"}" data-news-images="null" data-newsletter-by="0" data-newsletter-date="a" data-hasbottomcarousel="" data-alldetailsopen="0" data-multipleanalyticshit="" data-deeplink="https://ettelecom.app.link?$deeplink_path=" data-socialshareformat="default">
