India's Pine Labs acquires VC-backed Qwikcilver for $110m
Indian cloud-based payments platform operator Pine Labs has agreed to pay $110 million for Qwikcilver, a gift card technology provider backed by several VC and strategic investors including Accel Partners, Helion Venture Partners, Amazon, and Sistema Asia Fund.
Qwikcilver, founded in 2006, provides stored value card solutions, including gift and prepaid cards, for online and offline retailers, travel and hospitality businesses, and food and beverage brands. The...
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