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India's Pine Labs to buy fintech startup Setu for up to $75m - Nikkei Asia

Nikkei Asia LogoNikkei Asia5d ago

India's Pine Labs to buy fintech startup Setu for up to $75m - Nikkei Asia

Quick Summary

It picked up a majority stake in payments solution provider Mosambee in April and Mumbai-based online payments startup Qfix in February.

Setu's offerings include an interface for account aggregators, open network for digital commerce and open credit enablement network frame.

DealStreetAsia is a financial news site based in Singapore that focuses on private equity, venture capital and corporate investment activity in Asia, especially Southeast Asia, India and greater China.


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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceAsia

Topics: Million Open Labs Pine Fintech Nikkei Solutions Payments Billion Financial Setu

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-24, 02:46:00

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Reading Time: 3 minutes read

Article Length: 421 words

Coverage Area: Japan

Availability: Desktop Web, Mobile Web

News ID: 6906

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About Nikkei Asia

Nikkei Asia Logo

Main Topics: InvestingFinanceAsia

Official Website: asia.nikkei.com

Update Frequency: 12 posts per day

Year Established: 1876

Headquarters: Japan

Last Updated: 10h ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +9:00

Languages Covered: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #19

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