Mintifi is a financial technology startup that aims to address working capital challenges faced by Small and Medium Enterprises (SMEs) in India. The company, founded in 2017, offers an Advanced Receivables Management Suite for corporates, providing solutions from invoicing to collections and risk management. It allows instant monetization of receivables, enabling businesses to optimize their growth potential and expand their distribution reach across tier 2 & 3 markets. This automation-focused approach has attracted significant attention in the traditionally manual lending space. Notably, Mintifi secured a INR9.03B Series D investment on 08 March 2023, with backing from International Finance Corporation, Elevation Partners, Norwest Venture Partners, and PremjiInvest. With a strong emphasis on leveraging technology to streamline financial processes, Mintifi is positioning itself as a key player in the evolution of channel financing in India.
Funding Stage | Amount | No. Investors | Investors | Date |
---|---|---|---|---|
Series D | INR9.03B | 4 | 08 Mar 2023 | |
Series C | INR2.99B | 4 | 08 Feb 2022 | |
Series B | $6.03M | 2 | 18 Mar 2021 | |
Series A | INR570.00M | 1 | 14 Feb 2019 | |
Seed Round | $2.00M | 1 | 13 Apr 2018 |
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