Press Release

Pine Labs appoints Phanimohan Kalagara as its new CTO


Pine Labs, a leading merchant commerce platform, today announced the appointment of Phanimohan Kalagara as its new CTO.


Phanimohan Kalagara is a M.S. in Computer Science from Utah State University and has over two decades of experience of working with companies in the United States and India. Phanimohan has extensive experience in the field of technology having worked in E-commerce, Financial Technology, and the CAD/CAM industries. He also brings expertise in emerging technologies like Virtual Reality.


Commenting on this appointment, B. Amrish Rau, CEO, Pine Labs, said, “We have made several new appointments in the past one year to bolster our technology capabilities. I am delighted to welcome Phanimohan as the new CTO. Phani comes with a wealth of experience in Product and Engineering and is the right man to lead our Technology team during this exciting phase of growth for the company. I would also like to acknowledge the role of his predecessor Sanjeev Kumar who will now move into a new role within the company and head the R&D vertical.”


Prior to joining Pine Labs, Phanimohan was with India’s homegrown e-commerce company Flipkart where he was the SVP of Product and Engineering. He has also spent 12 years with global fintech company PayPal where he was leading Product and Engineering and spent nearly 8 years in the United States working on several key assignments for the company.

Phanimohan Kalagara, CTO, Pine Labs, said, “It is not often that we get an opportunity to play a key role in a company that gets to shift the industry landscape. I have been blessed a couple of times earlier in my career to make meaningful difference in such companies. With Pine Labs, I see a massive opportunity to make substantial difference to the future of merchant commerce in Asia. Looking forward to being part of this team that is set to shift the fintech landscape in Asia.”


Pine Labs is scaling its popular Buy Now Pay Later proposition to international markets, has one of the leading prepaid and gift card solutions through its subsidiary Qwikcilver and a promising direct-to-consumer offering in Asia through the acquisition of leading consumer fintech platform called Fave.

About Pine Labs


A leading merchant commerce platform, Pine Labs serves prominent large, mid-sized and small merchants across Asia and the Middle East. The company’s unique cloud-based platform enables it to offer a wide range of payment acceptance and merchant commerce solutions including enterprise automation systems such as inventory management and customer relationship management. Its stored value platform includes issuing, processing, and distributing digital gift cards for corporate customers around the world. In April 2021, Pine Labs acquired Fave, a consumer fintech platform that provides a smart payment app to the smart generation of consumers looking to pay and save. Fave is currently operational in 35 cities across Malaysia, Singapore, and Indonesia and is also available in India. Incorporated in Singapore, Pine Labs’ key investors include Sequoia India, Actis Capital, Temasek, PayPal and Mastercard. To know more, please visit


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