Pine Labs names Sameer Kamath as Chief Financial Officer in preparation for forthcoming Initial Public Offering
Staff India News: Pine Labs Appoints New CFO Ahead of IPO
Pine Labs, a leading fintech firm, has announced the appointment of Sameer Kamath as its new Chief Financial Officer (CFO). The appointment comes at a crucial juncture as Pine Labs strengthens its leadership team in preparation for its initial public offering (IPO).
Kamath brings extensive experience in the financial sector, having served as Group CFO at Avendus Capital and held leadership roles at Motilal Oswal. In his new role, Kamath will lead Pine Labs' global finance strategy, oversee accounting functions, manage investor relations, and provide financial leadership to support the company's growth and IPO readiness.
The appointment of Kamath marks a strategic move as Pine Labs gears up for a public listing. The company has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise approximately INR 2,600 crore through a fresh issue of shares, alongside an offer for sale by existing investors such as Peak XV Partners, PayPal, and Mastercard. The proceeds from the public offering will be used for international expansion, technology advancement, and debt reduction.
Pine Labs' CEO, B Amrish Rau, expressed confidence in Kamath's leadership abilities. "Sameer brings a proven track record in building high-performing teams and improving financial performance," Rau said. "We believe his experience will support Pine Labs in its fintech innovation as we prepare to list on the stock exchange."
Kamath expressed excitement about joining Pine Labs. "I am looking forward to working with CEO B Amrish Rau and the leadership team to drive Pine Labs' growth and success," he said.
The IPO will also include an offer for sale of nearly 148 million shares by existing stakeholders. Kamath will replace the outgoing CFO, Marc Kay Mathenz, who stepped down in June 2025. Mathenz was granted over 840,000 stock options in the first half of 2025.
Pine Labs operates in several markets, including India, Southeast Asia, the Middle East, Australia, and the United States. The company's services include point-of-sale financing, merchant acquiring, and digital payment solutions.
Kamath will manage investor relations at Pine Labs and will oversee accounting functions. With his appointment, Pine Labs aims to further strengthen its financial foundation ahead of its planned IPO.
Sources:
[1] Pine Labs Appoints Sameer Kamath as CFO. (2025, June). Retrieved from www.pine-labs.com/news
[2] Pine Labs Files for IPO to Raise INR 2,600 Crore. (2025, July). Retrieved from www.economictimes.com
[3] Sameer Kamath Joins Pine Labs as CFO. (2025, July). Retrieved from www.businessinsider.in
[4] Pine Labs IPO: Everything You Need to Know. (2025, August). Retrieved from www.moneycontrol.com
- Pine Labs' new CFO, Sameer Kamath, brings extensive financial-sector experience from roles at companies like Avendus Capital and Motilal Oswal, and will lead the company's global finance strategy ahead of its planned Initial Public Offering (IPO).
- With the IPO, Pine Labs aims to use the proceeds for international expansion, technology advancement, and debt reduction, as it files draft papers with the Securities and Exchange Board of India (SEBI) to raise approximately INR 2,600 crore through a fresh issue of shares, alongside an offer for sale by existing investors.
- In his new role, Kamath will manage investor relations and oversee accounting functions for Pine Labs, a fintech firm providing point-of-sale financing, merchant acquiring, and digital payment solutions in various markets including India, Southeast Asia, the Middle East, Australia, and the United States.
- Kamath's appointment comes at a crucial juncture as Pine Labs strengthens its leadership team in preparation for its IPO, as it continues to explore opportunities for innovation and growth in the fast-evolving world of finance and technology.
