Marc Mathenz appointed as the new CFO at Pine Labs
Pine Labs, the merchant commerce platform has declared the appointment of Marc Mathenz as its new Chief Financial Officer, stated in a report released today.
As we already know, the firm is on its move to expand to newer markets with its popular tech-first “pay later” proposition. And it also introduced mass-use digital payments products like AllTap and acquired southeast Asia’s leading consumer fintech platform Fave.
The new CFO has a reputation for scaling and growing international businesses for a better overall growth rate. He contributed to the expansion of Fiserv and First Data businesses in the APAC region, skillful integration, strategic M&A, and efficiently executed and performed multi-country expansion being key pillars of the goals.
Additionally, being a CFO of both firms Fiserv and First Data in APAC, he was also the regional CFO at First Data before. He is highly professional and skilled in his work, that’s the main reason Pine Labs is all set to appoint him in a very responsible position for its growth.
The CEO of Pine Labs B Amrish Rau said- “Marc is a multidimensional leader with deep financial expertise and will help steer the Pine Labs battleship, which is poised for bigger and better milestones in its journey ahead. He is a great addition to our leadership team as we scale new frontiers in the times ahead”.
Meanwhile, Marc said- “As the company sets out to become a merchant and consumer-focused payments and fintech market leader across the Asia Pacific, I hope that my experience in managing and scaling multi-country and multi-cultural businesses will help the organization accelerate its already steep growth trajectory”.
Talking about the firm, it powers 5,00,000+ merchant network touchpoints in around 3,700 cities. It is highly active in expanding its operations to a global footprint and in Southeast Asia. The firm was founded in Singapore having key investors namely Actis Capital, Mastercard, PayPal, Sequoia India, and Temasek.