Pine Labs Appoints Sameer Kamath as CFO Ahead of $1 Billion IPO

Fintech firm Pine Labs has named Sameer Kamath, a seasoned finance executive with over 25 years of experience, as its new chief financial officer. The MOVE comes as the company prepares for a potential $1 billion initial public offering, targeting a valuation of up to $6 billion.

Kamath, who joined Pine Labs in early July, previously served as group CFO at Avendus Capital for eight years and spent more than a decade in leadership roles at Motilal Oswal. His appointment signals Pine Labs' commitment to strengthening its financial strategy ahead of the public listing.

The IPO proceeds are earmarked for overseas expansion, technology development, and debt reduction. Pine Labs specializes in providing merchants with comprehensive payment solutions, including point-of-sale systems for card transactions.