Pine Labs Stays Out Of Lending, Focuses On Growth And Expansion

Aastha Chopra of BTTV spoke to Amrish Rau, CMD and CEO of Pine Labs, who confirmed the company is steering clear of lending and NBFC licensing, staying purely a technology-first fintech. He said Pine Labs is clocking nearly 60% GTV growth, 50% rise in transactions, 30% merchant addition annually, and delivering around 20% adjusted EBITDA. Rau clarified they monetise technology platforms for banks, retailers and financial institutions, not MDR margins. With all top five banks, top offline retailers and leading e-commerce and q-commerce players as clients, Pine Labs is preparing for its IPO and plans to use the proceeds to scale globally and deepen product innovation across fintech services.