What we do Pine Labs Ltd is a fintech technology company enabling digital payments and issuing solutions for merchants, brands, enterprises, and financial institutions globally. |
Founded in 1,998 |
Market share Among the largest fintech infrastructure platforms in Asia with expanding international footprint in 20+ countries. |
Problem solved Simplifies and accelerates commerce digitization, enabling seamless in-store and online payment acceptance and card issuing solutions. |
Top clients or who we serve Serves merchants, top banks, retailers, and consumer brands across India, Southeast Asia, USA, Middle East and Africa; B2B and B2C segments. |
Key management - |
Our journey and innovations Founded in 1998, launched India's EMIs in 2005, expanded internationally since 2017, acquired multiple fintech companies to diversify products. |
Where we operate India, Malaysia, UAE, Singapore, Australia, USA, Africa, and over 20 countries globally. |
Top products or what we offer Products include Digital Infrastructure & Transaction Platform and Issuing & Acquiring Platform covering payments, prepaid cards, and loyalty solutions. |
Top brands Plutus, PayLater, PinePerks, Qwikcilver, Fave, Pine Labs Online, Mosambee, Setu, Credit+; market leaders in payments and prepaid solutions. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily recurring from subscriptions, transaction fees, and service charges with some cyclical demand fluctuations. |
Our industry position Strong industry position with deep fintech infrastructure, top client partnerships, and leading digital payment innovations in multiple geographies. |
Financial highlights FY25 revenue ₹2274 Cr, positive EBITDA growth, adjusted EBITDA margin 23%, Q3 FY26 profit ₹42 Cr showing strong profitability turnaround. |
Geographical revenue split Approximately 85% revenue from India, 15% from international markets including Southeast Asia, Middle East, USA, and Africa. |
Order book - |
Whats driving growth Growth driven by digital payments adoption, expanding international presence, AI innovation, and strong partnerships with banks and merchants. |
Our future plans Focus on multi-product global platform expansion, new markets entry, AI-led product innovation, and enhancing omnichannel commerce solutions. |
Our green promise - |
Our people and values Over 4600 employees focused on tech innovation and customer-centric culture fostering growth in diverse global markets. |
Key challenges ahead Navigating regulatory environments internationally, managing working capital in seasonal peaks, and competition from global fintech firms. |
Interesting facts Processed $51 billion transaction value, serving over 10.5 lakh merchants with highest ever quarterly revenue in FY26 Q3. |
Risks and strategy Mitigates risks via diversified markets/products, cloud-native scalable platform, strong compliance, and strategic acquisitions. |
