Business and Finance Business and Finance
Mon, December 2, 2024
[ 06:00 PM ] - Bill Williamson
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Govt lowers FY25 GDP growth forecast to 5.25%, estimates inflation at 9%
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[ 12:30 PM ] - Bill Williamson
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Ottawa gave Accenture too much control over $313- .. lion in CEBA sole-source contracts, auditor finds
[ 11:31 AM ] - Bill Williamson
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[ 11:31 AM ] - Bill Williamson
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Stock market today: Nasdaq touches all-time high, .. ear record to kick off final month of banner 2024
[ 11:30 AM ] - Bill Williamson
Cheap electric car finance could be on the cards as government aims to boost sales
[ 11:30 AM ] - Bill Williamson
Stock market today: Nasdaq jumps, aims for record as stocks kick off final month of banner 2024
[ 11:01 AM ] - Bill Williamson
Stock market today: Nasdaq pops as Dow, S&P 500 h .. cord highs to kick off final month of banner 2024
[ 11:01 AM ] - Bill Williamson
Accenture nominates Masahiko Uotani, Jennifer Nason to board of directors
[ 11:00 AM ] - Bill Williamson
St James's Place to cut around 500 jobs, source says
[ 11:00 AM ] - Bill Williamson
Roanoke announces new city manager
[ 10:31 AM ] - Bill Williamson
Stock market today: Nasdaq pops as Dow, S&P 500 h .. ar records to kick off final month of banner 2024
[ 10:31 AM ] - Bill Williamson
B2B supply chain financing platform Mintifi raises $80 million from Prosus

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


Published on 2024-12-02 10:31:00 - Bill Williamson, WOPRAI
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  • 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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