The Weekly Wrap: all you need to know by Friday COB | June 27th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

Pine Labs’ move to file its Draft Red Herring Prospectus (DRHP) with SEBI marks a significant milestone in India’s digital payments narrative, signaling renewed IPO momentum in the FinTech sector. The company plans to raise approximately $303.84 million through a fresh issue of shares, complemented by an offer for sale of existing shares worth $1.7 million. This capital raise is not just a funding event—it’s a strategic lever to deepen its technological moats and expand market presence.

Over the years, Pine Labs has evolved from a point-of-sale solutions provider into a full-stack commerce enabler, offering everything from BNPL and loyalty programmes to cloud-native payment orchestration. Serving over 900,000 merchants, its platform is embedded into the day-to-day commerce fabric of India and key international markets across Southeast and West Asia. The IPO proceeds are expected to fuel next-gen innovations across cloud infrastructure, payment tech, and regional expansion.

What makes this listing particularly notable is Pine Labs’ multi-country footprint and ability to scale merchant solutions across diverse regulatory environments—something few Indian FinTechs have achieved at this scale. As the digital payments space matures, Pine Labs’ IPO could act as a barometer for investor sentiment around sustainable fintech models rooted in infrastructure and ecosystem enablement.

Deals of the week

• Finom raises $131.97m Series C to fuel pan-European SME banking expansion
• TBC Bank secures $12.5m from Triple Jump to boost SME lending
• Instapay raises $3m to expand digital payments and B2B remittances
• Amazon buys 3.95% stake in Egypt-based FinTech Valu
• PhonePe plans $1.5bn IPO to boost FinTech expansion
• Salmon raises $88m to expand digital banking across Southeast Asia
• IndiaBonds raises $3.77m to scale digital bond investing platform
• FinVolution wraps $150m bond offering amid strong demand
• SaturnX raises $3m to scale stablecoin payments in Asia

Be on the lookout for

The “Building a Future-Ready Bank” summit, scheduled for August 7, 2025, in Singapore, is a flagship event by Cedar-IBSi aimed at accelerating the transformation of the banking sector. This high-level gathering will bring together senior banking executives, FinTech leaders, and technology innovators to explore how banks can evolve into agile, customer-centric, and digitally empowered institutions.