M&A
Pine Labs buys Saluto Wellness's enterprise tech platform
Noida- and Singapore-headquartered fintech unicorn Pine Labs has acquired a proprietary enterprise platform from Bengaluru-based Saluto Wellness Pvt Ltd. The acquisition is expected to boost the capabilities of Pine Labs' Issuing Business under the Qwikcilver brand, strengthening its offerings across employee rewards, customer loyalty programmes, and channel partner programmes for medium and large enterprises. Qwikcilver offers prepaid, stored-value and gift cards for companies looking to acquire and retain customers, and drive operational efficiencies.
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