Pine Labs Appoints Former Avendus CFO Sameer Kamath as Chief Financial Officer Ahead of IPO Plans
In a strategic leadership move ahead of its anticipated public listing, fintech unicorn Pine Labs has appointed Sameer Kamath as its new Chief Financial Officer (CFO). Kamath, a seasoned finance executive, joins Pine Labs after an impressive eight-year tenure at Avendus Capital, where he served as the Group CFO and Executive Director, overseeing financial management, strategic planning, risk, and compliance.
This appointment signals Pine Labs’ strong focus on enhancing its financial governance, investor readiness, and compliance structure as it gears up for its initial public offering (IPO).
Kamath to Lead Global Finance Strategy
In his new role, Kamath will be responsible for building and executing Pine Labs’ global finance strategy, including accounting, financial operations, and investor relations across all its entities. His appointment is seen as a key milestone as Pine Labs strengthens its leadership bench ahead of a significant new phase of growth.
Kamath brings over two decades of experience in the financial services industry. Before Avendus Capital, he was Group CFO at Motilal Oswal Financial Services from 2006 to 2017, where he played a crucial role in scaling financial operations and navigating complex regulatory environments. His deep domain expertise and proven track record in financial strategy and compliance make him a valuable addition to Pine Labs’ executive team.
Strengthening Leadership Ahead of IPO
Pine Labs has been actively reshaping its leadership to support expansion and listing ambitions. The hiring of Kamath comes just weeks after its subsidiary, Setu, appointed former Razorpay executive Prashanth Nimmagada as its Chief Technology Officer (CTO). These appointments reflect Pine Labs’ commitment to building a robust and experienced leadership team capable of steering the company through its next phase — including going public.
Pine Labs, which offers merchant payment solutions and credit enablement services, has been on a strong growth trajectory, expanding into international markets and diversifying its fintech offerings. The addition of experienced leaders in key strategic roles suggests that the company is aligning itself with global standards in finance, technology, and compliance.
IPO on the Horizon
Pine Labs has been preparing for a public listing over the last few years. While the exact IPO timeline has not been formally announced, the appointment of a CFO with rich capital markets and regulatory experience like Kamath indicates that IPO-related groundwork is well underway.
As the company continues to scale its operations and expand its fintech ecosystem across Southeast Asia, India, and the Middle East, a robust financial leadership structure is critical to meeting investor expectations and ensuring regulatory readiness.
Conclusion
The appointment of Sameer Kamath as CFO marks a significant step in Pine Labs’ evolution as it gets closer to a potential IPO. With his extensive background in financial strategy, risk management, and capital markets, Kamath is expected to play a key role in navigating the company through a complex and competitive fintech landscape.
As Pine Labs continues to bolster its leadership, investors and industry watchers will be keeping a close eye on how these strategic moves translate into long-term growth and market success.
![Prosus in Talks to Invest $200 Mn in Rapido, Valuing the Ride-Hailing Unicorn at Up to $2.7 Bn]({"jaw_blog-16_9-small":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/08\/Brand-Magzine-20-170x213.jpg","width":170,"filesize":12919},"jaw_blog-16_9-middle":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/08\/Brand-Magzine-20-270x338.jpg","width":270,"filesize":26645},"jaw_blog-16_9":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/08\/Brand-Magzine-20-475x594.jpg","width":475,"filesize":61316}})
![Apple Partners with Reliance Jio to Bring RCS Messaging to iPhones in India]({"jaw_blog-16_9-small":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/08\/Brand-Magzine-19-170x213.jpg","width":170,"filesize":10923},"jaw_blog-16_9-middle":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/08\/Brand-Magzine-19-270x338.jpg","width":270,"filesize":21629},"jaw_blog-16_9":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/08\/Brand-Magzine-19-475x594.jpg","width":475,"filesize":48801}})
![Dream11 CEO Harsh Jain Says No Legal Challenge to RMG Ban Amid New Online Gaming Laws]({"jaw_blog-16_9-small":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/08\/Brand-Magzine-18-170x213.jpg","width":170,"filesize":11051},"jaw_blog-16_9-middle":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/08\/Brand-Magzine-18-270x338.jpg","width":270,"filesize":22409},"jaw_blog-16_9":{"file":"https:\/\/brandzmagazine.com\/wp-content\/uploads\/2025\/08\/Brand-Magzine-18-475x594.jpg","width":475,"filesize":50680}})