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

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.