BaaS ProviderActive

Setu (Pine Labs subsidiary)

IN · Bengaluru, India · RBI NBFC-AA license (Account Aggregator)

Setu (Pine Labs subsidiary) is a BaaS Provider based in IN (Bengaluru, India), regulated by RBI NBFC-AA license (Account Aggregator). The institution operates an active Banking-as-a-Service program.

Setu (Pine Labs subsidiary) supports the following products and services: Payments, KYC/AML, Open Banking, Lending. The bank serves customers across India.

Notable fintech partners include INDmoney, ET Money, Snapmint, OneCard, Flexiloans.

Profile
Products Supported
PaymentsKYC/AMLOpen BankingLending
Geographies Served
India
Charter / Regulator
RBI NBFC-AA license (Account Aggregator)
API Standards
REST
Notable Fintech Partners

INDmoney, ET Money, Snapmint, OneCard, Flexiloans

Regulatory Actions Summary

None confirmed active

Notes

Acquired by Pine Labs for ~$70-75M; BBPS (bill payments), Account Aggregator APIs, UPI DeepLinks; 1,000+ organizations.

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