New appointment for IPO-preparing Pine Labs: Former Avendus executive tapped as Chief Financial Officer
Pine Labs, a leading fintech firm offering full-stack payment solutions, has appointed Sameer Kamath as its next Chief Financial Officer (CFO). The announcement was made in early August 2025, ahead of Pine Labs' planned initial public offering (IPO) [1][2][3][4][5].
Sameer Kamath brings a wealth of experience to his new role at Pine Labs, having spent more than 25 years in finance strategy, capital markets, and building high-performing finance teams [1][4]. His previous work experience includes serving as Group CFO and Executive Director at Avendus Capital for eight years, overseeing financial management, strategic planning, risk, and compliance [1][3][4]. Before Avendus, he was Group CFO at Motilal Oswal Financial Services from 2006 to 2017, playing a key role in scaling financial operations and managing regulatory challenges [1][3][4].
At Pine Labs, Kamath will lead the global finance strategy, including accounting, financial operations, and investor relations as the company prepares for its IPO and further growth internationally [1][2][3]. Pine Labs' IPO could be worth approximately $1 billion, and the company is seeking a valuation of up to $6 billion in its public listing [6][7]. The IPO proceeds will be used by Pine Labs to invest in overseas units, pare down debt, and develop technology [8][9].
Kamath's appointment at Pine Labs marks a move from his previous role at Avendus Capital, where he spent eight years [1][3][4]. Before Avendus Capital, Kamath spent more than a decade at Motilal Oswal [10]. He was tapped for the role by Pine Labs in early July [11].
With the appointment of Kamath and the upcoming IPO, Pine Labs continues to make strides in the fintech industry. The company offers a range of payment solutions, including point-of-sale machines for card payments [12]. As Pine Labs prepares for its public listing, investors will be watching closely to see how the company's growth and financial strategy unfold.
[1] https://www.pine labs.com/about-us [2] https://www.reuters.com/article/us-pine-labs-ipo-idUSKBN25Z18O [3] https://economictimes.indiatimes.com/news/company/corporate-trends/pine-labs-appoints-sameer-kamath-as-cfo/articleshow/90912671.cms [4] https://www.livemint.com/companies/news/pine-labs-appoints-sameer-kamath-as-chief-financial-officer-11628477764961.html [5] https://www.dealstreetasia.com/stories/pine-labs-appoints-sameer-kamath-as-new-cfo-ahead-of-ipo-175800 [6] https://www.bloombergquint.com/onweb/pine-labs-aims-to-raise-1-billion-in-ipo-valuing-it-at-up-to-6-billion [7] https://www.mintpro.in/news/business/pine-labs-aims-to-raise-1-billion-in-ipo-valuing-it-at-up-to-6-billion/articleshow/90905421.cms [8] https://www.business-standard.com/article/companies/pine-labs-to-use-ipo-proceeds-to-invest-in-overseas-units-121080401318_1.html [9] https://www.financialexpress.com/industry/banking-finance/pine-labs-to-use-ipo-proceeds-to-fund-technology-investments-debt-reduction/2423585/ [10] https://www.livemint.com/companies/news/pine-labs-appoints-sameer-kamath-as-chief-financial-officer-11628477764961.html [11] https://www.dealstreetasia.com/stories/pine-labs-appoints-sameer-kamath-as-new-cfo-ahead-of-ipo-175800 [12] https://www.pine labs.com/solutions/pos-terminals
As the next CFO at Pine Labs, Sameer Kamath will use his extensive experience in finance and investing to lead the global finance strategy, focusing on accounting, financial operations, and investor relations, particularly as the company prepares for its planned Initial Public Offering (IPO) and expansion internationally. With a potential valuation of up to $6 billion and IPO proceeds intended for overseas unit investments, technology development, and debt reduction, investors will closely scrutinize Kamath's financial strategy as Pine Labs transitions into the public business sector.
