Pine Labs Limited, Singapore acquired Qfix Infocomm Private Limited, a Mumbai-based end-to-end cloud platform delivering online integrated payments and billing services to multiple sectors.
Obhan & Associates acted as the legal counsel to Pine Labs Limited, Singapore.
The transaction was led by a team comprising Ashima Obhan (Senior Partner), Akanksha Dua (Senior Associate), Anubhav Chakravorty (Associate) and Shuchi Dutta (Associate).
A leading merchant commerce platform, Pine Labs serves prominent large, mid-sized and small merchants across India and Southeast Asia. The company's leading cloud-based software platform enables it to offer a wide range of payment acceptance and merchant commerce solutions including enterprise automation systems such as inventory management and customer relationship management.
Qfix is an embedded fintech start-up focused on enabling industry segment specific innovative and curated digital payments and commerce experience for merchants, consumers and communities. More than 5,000 merchants are presently on the Qfix platform including educational institutions, governments, and clubs.