India's Pine Labs buys VC-backed Setu
Indian financial technology company Pine Labs, which has raised more than USD 1.5bn in private funding, has acquired VC-backed counterpart Setu.
The transaction is reportedly worth USD 70m-USD 75m. It is Pine Lab’s third acquisition this year, following payments and billing start-up Qfix Infocomm in February and mobile point-of-sale payments...
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