(Reuters) -Fintech firm Pine Labs [PINL.NS] said it has appointed Sameer Kamath, a industry veteran with more than 25 years of experience in finance strategy roles, as its next chief financial officer, ahead of its planned public listing.
The IPO-bound company had tapped Kamath for the role in early July.
Prior to this, Kamath had an eight-year stint as group CFO at financial services provider Avendus Capital. He also spent more than a decade at Motilal Oswal, leading financial strategy as director and group chief financial advisor.
Pine Labs’ IPO could be worth about $1 billion, with the company seeking a valuation of up to $6 billion, Reuters reported in June.
The company offers full-stack payment solutions such as point-of-sale machines to merchants for card payments. It will use the IPO proceeds to invest in overseas units, develop technology and pare down debt.
(Reporting by Ananta Agarwal in Bengaluru)
