Pine Labs buys Majority Stake in Mosambee

On Wednesday, Pine Labs, Digital payments and financial services provider informed that it has acquired a major stake in Mosambee. Mosambee is a leading payment solution provider. After the deal, the valuation of Mosambee has reached more than $100 million. Pine Labs is planning to soon go public in the US markets and has been raising capital lately. Recently, a few weeks back that Pine Lab had raised $50 million.