Mintifi Raises $110 Million

Mintifi is an online financing platform that simplifies the lending of unsecured loans to businesses. Mintifi provides loans and other lending facilities to small and medium businesses (SMBs) through its online platform. The company transforms the purchase financing experience across the distribution network by offering flexible and affordable financing options.

Mintifi has raised $110 million in a new Series D funding round led by Premji Invest. Existing investors Norwest Venture Partners, Elevation Capital, and the International Finance Corporation also participated in the round. The fresh funding will enable the company to expand the capital base to over $600 million and help deepen its business network with its brand partners. Moreover, the funding will be used to deepen its presence across key sectors and consolidate its market leadership in downstream supply chain financing.

Mintifi, Mumbai, India, was founded in 2017 by Anup Agarwal, Ankit Mehta, and Sanjoy Shome. “Our unique plug-and-play approach allows us to scale rapidly by tapping into a huge outstanding receivable pool of blue-chip corporates while maintaining profitability. This round of funding will allow us to accelerate our growth, expand our team, and deliver even greater value to our customers,” said Anup Agarwal, co-founder and CEO at Mintifi.

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