Temasek, PayPal invest $125m in India’s Pine Labs
Temasek Holdings and PayPal have invested $125 million in Pine Labs, an Indian financial technology company backed by Actis Capital, Sequoia Capital India and Madison India Capital.
The new funding will be used to accelerate Pine Labs’ expansion target of one million payment acceptance points across India within the next five years, according to a statement. Temasek is expected...
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