India-based fintech firm Pine Labs has appointed Sameer Kamath as its new CFO ahead of its IPO, bringing strategic financial leadership from his previous roles at top financial institutions.
India’s fintech firm Pine Labs has appointed finance veteran Sameer Kamath as its new Chief Financial Officer (CFO), underscoring its intent to reinforce financial leadership amid a critical phase of its business evolution — its upcoming initial public offering (IPO).
Kamath steps into the role after a successful tenure as Executive Director and Group CFO at Avendus Capital, where he led finance, strategy, risk, and compliance functions. At Pine Labs, he will be responsible for global finance strategy, accounting, investor relations, and guiding financial operations across its international subsidiaries.
The leadership change comes shortly after Pine Labs filed its Draft Red Herring Prospectus (DRHP) with India’s Securities and Exchange Board (SEBI) on June 26. As per the DRHP, the company aims to raise approximately USD 312 million (₹2,600 crore) via a fresh issue of shares. A portion of the proceeds will be used for debt repayment and strategic investments in key subsidiaries including Pine Labs UAE, Pine Payment Solutions Malaysia, and Qwikcilver Singapore.
Also Read: Pine Labs to Launch $1 Billion IPO in India by Late 2025
With more than 20 years of experience in capital markets, fintech, and investment banking, Kamath’s appointment is being seen as a strategic move to bolster investor confidence and ensure financial discipline as Pine Labs transitions from a private enterprise to a publicly traded company.
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.”
CEO Amrish Rau, Pine Labs
Pine Labs has steadily expanded its footprint beyond traditional Point-of-Sale (PoS) terminals to encompass online payment solutions through Fave, Buy Now Pay Later (BNPL) services, invoice management, and merchant gifting solutions. This diversification strategy aligns with broader fintech trends in India, where integrated financial ecosystems are becoming essential for long-term growth.
I am thrilled to be joining a technology-first organisation like Pine Labs at such a pivotal moment in their journey, I look forward to working closely with Amrish and the leadership team to further strengthen the company’s financial foundation.”
CFO, Sameer Kamath, Pine Labs
The appointment of Kamath reflects a broader trend in India’s fintech space, where IPO-bound firms are increasingly onboarding seasoned financial leaders to navigate regulatory complexities, sharpen corporate governance, and build robust capital structures.
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