Mumbai, August 7, 2025 – Global fintech platform Pine Labs today announced the appointment of Sameer Kamath as its next Chief Financial Officer (CFO). In this role, Sameer will be responsible for the global finance strategy, accounting, investor relations, and providing financial leadership across the Pine Labs group.
Sameer Kamath brings with him a wealth of experience in financial leadership positions across leading companies. He was most recently the Group CFO at Avendus Capital where he led financial management, strategy, risk and compliance. Prior to that, Sameer was also the Director and Group Chief Financial Advisor at Motilal Oswal.
Commenting on the appointment, B Amrish Rau, CEO, Pine Labs, said, “Sameer’s proven track record of building high-performing teams and driving financial performance will be invaluable to Pine Labs as we continue to innovate and introduce cutting-edge fintech products in the market. We welcome him onboard and wish him the very best in this exciting role.”
Pine Labs continues to do pioneering technology work. The company recently built its own UPI Switch and integrated it with its Credit+ platform for speedier processing of transactions, including UPI payment features like AutoPay, link-based payments, e-RUPI, QR, and credit card payments.
“I am thrilled to be joining a technology-first organisation like Pine Labs at such a pivotal moment in their journey. Looking forward to working with Amrish and the rest of the leadership team to build on the momentum and strengthen the financial foundation of the company,” said Sameer Kamath, CFO, Pine Labs.
Sameer is a Chartered Accountant from the Institute of Chartered Accountants of India, has completed his Post Graduation in Business Administration from NMIMS, Mumbai and has cleared Level II of the CFA program from CFA Institute, USA.
About Pine Labs
Pine Labs is a technology company digitising commerce, through a suite of digital payments and issuing solutions in India and across the globe. We have built an advanced technology infrastructure to accelerate the digitisation journey of merchants, consumer brands, enterprises, and financial institutions. We operate in India and a growing number of international markets including Malaysia, UAE, Singapore, Australia, USA, and Africa. Pine Labs’ tech-first approach to digital payments and focus on simplification at the front end aims to help businesses embrace fintech products at scale.
Our digital payments business represents a one-stop payments destination across channels, including online payments designed to deliver secure and smooth online payment experiences to the end user, powered by a tech stack that can augment an existing online business or build an all-new e-commerce payment setup from the ground up. We also provide integrated Affordability Solutions for merchants and consumer brands and enterprises, and Fintech infrastructure solutions for financial institutions.
Our Issuing business offers a full-stack, end-to-end technology service solution in the Prepaid Transaction Management, Gift Cards, and Sales/ Distribution Space, with a presence in multiple countries and live service engagements with brands and customers from the Retail, Hospitality and Airline Industries. We offer prepaid instruments primarily in India, Southeast Asia, Australia and the United States and we presently offer Credit Processing in India, Africa, and Southeast Asia.
Disclaimer:
Pine Labs Limited is proposing, subject to applicable statutory and regulatory requirements, receipt of requisite approvals, market conditions and other considerations, to make an initial public issuance of its Equity Shares and has filed the DRHP dated June 25, 2025, with SEBI and the Stock Exchanges. The DRHP is available on the website of the Company at www.pinelabs.com, SEBI at www.sebi.gov.in, as well as on the websites of the BRLMs, i.e., Axis Capital Limited, Morgan Stanley India Company Private Limited, Citigroup Global Markets India Private Limited, J.P. Morgan India Private Limited and Jefferies India Private Limited at www.axiscapital.co.in, www.morganstanley.com/india, www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm, www.jpmipl.com andwww.jefferies.com, respectively and the websites of National Stock Exchange of India Limited and BSE Limited at www.nseindia.com and www.bseindia.com, respectively. Any potential investors should note that investment in equity shares involves a high degree of risk and for details relating to such risks, please see the section entitled “Risk Factors” on page 40 of the DRHP and the details set out in the RHP, when filed. Any potential investors should not rely on the DRHP for making any investment decision. This announcement is not an offer of securities for sale in the United States or elsewhere. This announcement has been prepared for publication in India only and is not for publication or distribution, directly or indirectly, in or into the United States. This announcement is not an offer for sale of the Equity Shares in the United States. The Equity Shares may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. The company does not intend to register any portion of the offering in the United States or to conduct a public offering of Equity Shares in the United States.
