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Shopflo Acquired by Pine Labs | Financial Services M&A Deal

Announced
Financial ServicesAdd-on

Deal Overview

Pine Labs has acquired Shopflo, a payments processing business in India, for $9.3. Shopflo provides fintech payments processing services that support merchants and transaction flows, aligning with Pine Labs’ payments processing platform in India. Pine Labs acquisitions also target operational scale through a strategic acquisition of Shopflo’s merchant payments capabilities. The Shopflo acquisition is structured as an add on acquisition in financial services M&A, with the deal announced and valued under $10M, reflecting a strategic acquisition approach by a strategic buyer.

Key Details

Transaction
Pine Labs acquires Shopflo
Deal Size
Under $10M
Reported Value
$9.3

Filed under

Source

Read full article on inc42.com

via GN - agreed to acquire million · April 27, 2026

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