Fintech firm Pine Labs targeting Indian IPO in second half of 2025: CEO

Indian fintech firm Pine Labs is planning a domestic initial public offering in the second half of 2025 and is undeterred by the current weak market conditions, chief executive Amrish Rau said.

Pine Labs, whose main backer is venture capital firm Peak XV, offers full stack payment solutions including point-of-sale machines to merchants for card payments and competes with Paytm and Walmart’s PhonePe.