Pine Labs to rope in Avendus executive as CFO

03 Jul 2025, 04:59 PM

Prior to Avendus, Kamath, who has over two decades of experience in the financial services industry, worked with broking firm Motilal Oswal.

Team Head&Tale

Indian fintech company Pine Labs, which last month filed draft papers for its IPO, will appoint Sameer Kamath as its chief financial officer.

Kamath, who is currently the group chief financial officer at investment bank Avendus Capital, will join Pine Labs soon, The Economic Times reported citing unidentified people.

Prior to Avendus, Kamath, who has over two decades of experience in the financial services industry, worked with broking firm Motilal Oswal.

Kamath will replace Marc Mathenz, who exited Pine Labs in June, just ahead of the company's filing of the draft red herring prospectus (DRHP) with the markets regulator Securities and Exchange Board of India (SEBI).

Earlier this week, The Head and Tale exclusively reported that Pine Labs' chief growth officer Mayur Mulani also left the company ahead of its IPO. Mulani has already launched his own venture called TOSS. Last year, Pine Labs' chief revenue officer Navnit Nakra also resigned.

Late last month, Pine Labs filed the DRHP for its IPO, which comprises of fresh issue of shares worth Rs 2,600 crore and an offer for sale (OFS) of up to 14.78 crore shares by existing backers including Peak XV Partners, PayPal and Mastercard.

Who Reads Us

I enjoy reading The Head and Tale for their coverage on the Fintech landscape. The reporting is incisive and honest,  and it demonstrates a sharp understanding of the industry and the issues that concern it. I'd like to extend my best wishes to Arti for her continued success.

Rahul Chari, Co-Founder and CTO, PhonePe
Rahul Chari Co-Founder And CTO, PhonePe

Well-researched, informative and analysis based reporting makes an interesting read. 'The Head and Tale' news portal has been demonstrating this quite well covering fintech and emerging tech sectors. Their timely updates, exclusive stories and different perspectives on these sectors help me stay informed. Kudos to Arti Singh for pursuing her passion and best wishes to the team.

Rishi Gupta, MD & CEO, Fino Payments Bank
Rishi Gupta MD & CEO, Fino Payments Bank

The Head and Tale stands out for its deep industry knowledge and impressive network of sources. I especially appreciate that the reporting remains independent, rarely resorting to paid puff pieces, making it a publication I can genuinely trust. Having followed Arti’s work for years, I’ve come to rely on The Head and Tale for its unparalleled insight and truly independent coverage. Arti’s long-standing presence in the sector means her reporting is always informed, with access few can match.

Lizzie Chapman, co-founder, ZestMoney
Lizzie Chapman Co-founder, ZestMoney

What I really appreciate about The Head and Tale is that it doesn’t just report the news, it interprets it. The stories are well-researched, comprehensive, and bold. Arti brings a fearless lens to reporting, often asking the uncomfortable but necessary questions. She makes you pause, reflect, and rethink what it all means for the payments and fintech ecosystem. It’s rare to find journalism that’s this sharp, timely, and relevant to the work we do every day.

Mohit Bedi, co-founder, Kiwi
Mohit Bedi Co-founder, Kiwi

I’ve always valued journalism that goes beyond surface-level headlines. The Head and Tale does exactly that - it connects the dots, asks the tough questions, and brings clarity to the shifts shaping our evolving industry. I’ve even encouraged my team members to subscribe, because staying informed through credible, deeply reported stories is as important as building products. For me, The Head and Tale has become part of essential reading.

Cofounder of IPO-bound leading fintech lending company
Cofounder of IPO-bound leading fintech lending company