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 ...
18 Sep, 2025, 07.05 PM IST
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...
27 Jun, 2025, 12.23 AM IST
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...
26 Jul, 2023, 05.44 PM IST
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 ...
26 Jul, 2023, 09.05 AM IST
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...
04 Nov, 2022, 07.56 AM IST
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.
11 Jan, 2022, 01.19 AM IST
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.
02 May, 2021, 02.16 AM IST
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.
08 Nov, 2020, 11.22 AM IST
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...
24 Oct, 2020, 05.23 PM IST
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.
25 Jan, 2020, 04.40 PM IST
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 ...
22 Jan, 2020, 08.55 AM IST
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.
23 Jul, 2019, 03.41 PM IST
Law enforcement agencies favour data localisationData localisation will make it easier to track online transactions, so enforcement agencies are backing it.
08 Oct, 2018, 05.44 PM IST
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...
16 Jan, 2018, 08.28 AM IST
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.
15 Jan, 2018, 03.15 PM IST
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 ...
19 Dec, 2017, 11.20 AM IST
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...
19 Sep, 2017, 06.05 PM IST