Sign In
Payments player Pine Labs is set to gain deeper access to the market of small offline retailers after buying a majority stake in payments solution company Mosambee.
Its product suite will now boast mobile point-of-sale terminals and a lighter software platform, which banks use to process transactions at small merchant outlets.
Mumbai-based Mosambee, known little outside banking circles, is a key partner of HDFC Bank. According to industry insiders, it works with three to four other lenders. It is estimated to have a merchant base of 1 million and manages about 600,000 terminals.
In addition, access 50+ archived articles and 3 new articles every month
Sign In
Join our community of 100,000+ top executives, VCs, entrepreneurs, and brightest student minds
Blume Ventures
The CapTable brings a refreshing set of insights for us at the Blume team, highlighting stories that bring together the underlying business and founders with that of investors' journeys with these startups. It's an important perspective that very few bring to startup ecosystem enthusiasts.
Convinced that The Captable stories and insights
will give you the edge?
Convinced that The Captable stories
and insights will give you the edge?
Subscribe Now
Sign Up Now
