Pine Labs, about to go public, names ex-Avendus executive as Chief Financial Officer
In a strategic move, fintech firm Pine Labs has appointed Sameer Kamath as its next Chief Financial Officer (CFO). Kamath, who brings over 20 years of experience in financial leadership, strategy, risk, and compliance, joined Pine Labs in August 2025.
Prior to joining Pine Labs, Kamath served as Group CFO and Executive Director at financial services provider Avendus Capital. Before that, he spent more than a decade at Motilal Oswal Financial Services, where he led financial strategy as director and group chief financial advisor.
Kamath's appointment comes at a crucial time for Pine Labs, as the company prepares for its Initial Public Offering (IPO). According to reports by Reuters, the IPO is estimated to be worth approximately $1 billion. The proceeds from the IPO will be used by Pine Labs to invest in overseas units, pare down debt, and develop technology.
Pine Labs offers full-stack payment solutions, including point-of-sale machines for card payments. The company's CEO, Amrish Rau, highlighted Kamath's proven track record in building high-performing financial teams and driving financial performance, which are essential for Pine Labs' innovations and growth in fintech.
Kamath's background includes a significant tenure as Group CFO at Motilal Oswal Financial Services, where he developed expertise in financial strategy and navigating regulatory environments. He is a chartered accountant and holds a postgraduate degree in business administration from NMIMS, Mumbai.
Pine Labs' plans for its IPO do not yet include specific details or a timeline. However, the company is seeking a valuation of up to $6 billion, indicating a promising future for the fintech firm.
With Kamath at the helm of Pine Labs' financial operations, the company is well-positioned to navigate the challenges and opportunities that lie ahead.
[1] Business Standard: Pine Labs Appoints Sameer Kamath as CFO [2] ETMarkets: Pine Labs Appoints Sameer Kamath as CFO [3] Financial Express: Pine Labs Appoints Sameer Kamath as CFO [4] LiveMint: Pine Labs Appoints Sameer Kamath as CFO
In his new role as Chief Financial Officer (CFO) at Pine Labs, Sameer Kamath will leverage his years of experience in finance, investing, and business strategy to prepare the fintech company for its upcoming Initial Public Offering (IPO). With an estimated value of $1 billion, the IPO funds will propel Pine Labs' expansion overseas, minimize debt, and advance technological development.
