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Pine Labs' strong D-Street debut; digital protection rules notifiedPine Labs started its public markets journey on a strong note. This and more in today's ETtech Top 5.- Global payment majors PayPal and Mastercard gain big post Pine Labs IPOGlobal payment giants PayPal and Mastercard have reaped significant returns from their investments in Indian digital payments firm Pine Lab...
- Peak XV Partners, Temasek, PayPal, Mastercard among largest Pine Labs shareholders after IPOWhile Peak XV is the largest shareholder in Pine Labs with a stake of approximately 17%, the others each continue to hold anywhere between ...
- PayPal-backed Pine Labs plans up to $700 million IPO in OctoberPine Labs plans to raise up to $700 million via IPO in October, scaling down from $1 billion earlier. Backed by Mastercard and PayPal, the ...
- Pine Labs files for IPO with Rs 2,600 crore fresh issue; Peak XV, PayPal to pare stakesThe initial share sale will consist of a fresh issue of Rs 2,600 crore and an OFS of up to 147.8 million shares. The funds raised will be u...
- Will Elon Musk succeed in his ambitions of taking on big US bankers?Elon Musk's musings indicate that he wants Twitter to be more like Tencent Holdings Ltd.’s WeChat, a messaging service turned super-app use...
- Elon Musk the banker wants to take on Dimon where Google failedElon Musk's plan to turn Twitter into a one-stop shop for financial services is not the first time a tech giant has attempted to enter the ...
- PayPal's "prudent" revenue growth forecast cut sinks sharesPayPal posted a lower adjusted profit of $1.08 per share for July-September. Analysts had expected a profit of 96 cents a share. The compan...
- Pine Labs files for a 'confidential' US IPO to raise up to $500 millionPine Labs, which is likely to list on the US exchanges in mid 2022, may look to seek a valuation of $6-7 billion from its $500-million IPO.
- Charlie Munger feels ‘disgusted’ about Bitcoin; Buffett is ‘alright on that one’Cryptocurrency assets such as Bitcoin and Ethereum are now worth more than $2 trillion within just 12 years of their birth.
- Virtual gold? Bitcoin's rise sparks new debate amid pandemicAfter bitcoin surpassed $1,000 for the first time in 2013, it has increasingly attracted the attention of financial institutions.
- Novogratz says Bitcoin is digital gold, not a currency for now“I don’t think Bitcoin is going to be used as a transactional currency anytime in the next five years,” Novogratz, founder and chief execut...
- Mastercard’s swipe makes Pine Labs 1st unicorn in 2020Pine Labs will work with Mastercard to deliver a range of card and real-time payments.
- Mastercard swipes right on Pine LabsPine Labs reported total revenue of Rs 503.2 crore in FY19, up from Rs 336.1 crore in the previous fiscal. Losses widened to Rs 13.7 crore ...
- PayPal mulls data localisation for India, sets up tech centrePayPal currently has an employee base of about 3,500 employees in all the three tech centres in India.
- Law enforcement agencies favour data localisationData localisation will make it easier to track online transactions, so enforcement agencies are backing it.
- Razorpay gets $20 million to fend off rivals like PayPal, StripeCEO Harshil Mathur said Razorpay is focused on domestic players and will use the funding to scale up recently launched services for busines...
- Razorpay gets $20 million from Y Combinator, Tiger Global and Matrix PartnersRazorpay had earlier raised $11.5 million, including a strategic investment by MasterCard in 2016.
- Tiger, YC, Yuri Milner to fund payments company, RazorpaySources said Razorpay is likely to raise around Rs 120 crore, mostly from internal investors, as it readies to take on the likes of Stripe ...
- Madison India Capital garners $230-mn from fourth fundThe firm has also inducted Shailesh Mehta as Operating Partner. Mehta serves on several boards of companies including Safari Industries and...
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