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B2B supply chain financing platform Mintifi raises $80 million from Prosus


//business-finance.news-articles.net/content/202 .. tform-mintifi-raises-80-million-from-prosus.html
Published in Business and Finance on Monday, December 2nd 2024 at 10:31 GMT by Bill Williamson   Print publication without navigation

  • The investment firm acquired a 10.65 per cent effective interest in the Mumbai-based fintech with the latest round of fund infusion

Mintifi, a B2B supply chain financing platform, has raised $80 million in a Series D funding round led by Prosus Ventures, with participation from existing investors such as Norwest Venture Partners, Elevation Capital, and the International Finance Corporation. This investment aims to fuel Mintifi's expansion and enhance its product offerings, focusing on providing working capital solutions to small and medium-sized enterprises (SMEs) in India. The platform has seen significant growth, with its assets under management increasing by 4.5 times over the past year, and it now serves over 100,000 SMEs. Mintifi plans to use the funds to develop new financial products, expand its geographical reach, and strengthen its technology infrastructure to better serve its growing customer base.

Read the Full Business Standard Article at:
[ https://www.business-standard.com/finance/investment/b2b-supply-chain-financing-platform-mintifi-raises-80-million-from-prosus-124120201113_1.html ]

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