Mintifi Soonicorn
Mumbai-based fintech founded in 2017 that provides supply chain financing -- inventory/check-out financing, working capital loans, invoice discounting and payments digitisation -- to SME dealers and distributors across the last-mile distribution networks of 300+ brands (including Asian Paints, Honda, TVS and Parle Products). Reached an $850M valuation after a $180M Series E in December 2024.
Mintifi: Funding Rounds
| Date | Round | Amount | Investors | Source |
|---|---|---|---|---|
| 9 Dec 2024 | Series E | $180 Mn | Prosus Teachers' Venture Growth (Ontario Teachers' Pension Plan) Premji Invest | source |
| 8 Mar 2023 | Series D | $110 Mn | Premji Invest Elevation Capital International Finance Corporation (IFC) Norwest Venture Partners | source |
| 8 Feb 2022 | Series C | $40 Mn | Elevation Capital Norwest Venture Partners | source |
| 7 Feb 2019 | Series A | $8 Mn | International Finance Corporation (IFC) | source |
| 12 Apr 2018 | Seed | $2 Mn | Lok Capital | source |
Recent Signals
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10 Dec 2024 · financial
Mintifi eyeing IPO within three years after $850M Series E valuation source
News on Mintifi
No coverage of Mintifi linked yet.
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Who founded Mintifi?
Mintifi was founded by Anup Agarwal, Ankit Mehta, Sanjoy Shome in 2017.
How much funding has Mintifi raised?
Mintifi has raised $340 Mn across 5 tracked funding round(s), most recently on 2024-12-09. Figures are compiled from cited public sources.
Who are the investors in Mintifi?
Investors in Mintifi include Prosus, Teachers' Venture Growth (Ontario Teachers' Pension Plan), Premji Invest, Elevation Capital, International Finance Corporation (IFC), Norwest Venture Partners.
What does Mintifi do?
Mumbai-based fintech founded in 2017 that provides supply chain financing -- inventory/check-out financing, working capital loans, invoice discounting and payments digitisation -- to SME dealers and distributors across the last-mile distribution networks of 300+ brands (including Asian Paints, Honda, TVS and Parle Products). Reached an…
Where is Mintifi headquartered?
Mintifi is headquartered in Mumbai, Maharashtra, India.
What is Mintifi's business model?
Mintifi's core value proposition centers on Unlocking Supply Chain Financing, Faster inventory churn and quicker payments, Fast approvals, transparent pricing, flexible repayment.
How does Mintifi make money?
Mintifi's cited revenue streams include Interest income from loan disbursement.