Acquisition
Pine Labs takes majority stake in Mosambee
By Startup Enthusiast ·
- Date
- Company
- Pine Labs
- What it does
- Majority stake in Mosambee
- Kind
- Acquisition
What they do
Pine Labs announced a controlling investment in Mosambee, a payments solutions provider, in April 2022, valuing Mosambee above $100 million
What happened
Mosambee's leadership will keep running the business on its own technology platform after the deal
Why it matters
The move came in a string of deals after Pine Labs raised $700 million earlier that year at a $3.5 billion valuation
The details
- Pine Labs bought a majority stake in Mosambee in April 2022.
- Mosambee was valued at over $100 million.
- Its leaders continue to operate it independently.
The deal
- Type
- Majority stake
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