Mintifi Private Limited

Based in India, Mintifi Private Limited is a financial technology platform specializing in supply chain financing solutions for small and medium-sized enterprises, enhancing working capital through innovative financing options. Mintifi Private Limited, founded in 2017, operates as a supply chain financing platform. The company is headquartered in Mumbai, India, and was established by Ankit Mehta, Anup Agarwal, and Sanjoy Shome. Anup Agarwal currently serves as the CEO.

To date, Mintifi has successfully completed a total of 6 deals, with the most recent deal occurring on December 2, 2024. The company raised USD 180. 00 mn in its Series E funding round, co-led by Teachers' Innovation Platform and Prosus Ventures, alongside returning investor Premji Invest. Overall, Mintifi has raised a total of USD 110.

00 mn, with a current company valuation of USD 850. 00 mn. Mintifi Finserve Private Limited operates as India's leading supply chain financing platform, primarily serving small and medium-sized businesses engaged in last-mile distribution. The company's main offerings include tailored inventory financing solutions designed to address the unique working capital needs of its clients.

These solutions facilitate faster inventory churn through exclusive purchase credit lines, enabling businesses to acquire inventory directly from brands or distributors without the burden of cash flow constraints. Mintifi’s platform seamlessly integrates with various ERP systems, ensuring efficient invoice settlement and reconciliation processes. The company’s services are particularly targeted at businesses across multiple industries in Tier 2 and Tier 3 markets, allowing them to improve sales while minimizing the risks associated with collections and receivables. Mintifi’s revenue structure is primarily derived from transaction fees associated with its financing solutions, which include revolving credit lines and short-term working capital loans.

For the year 2023, Mintifi reported a revenue of USD 27. 81 mn and an EBITDA of USD 9. 15 mn. Customers may engage with Mintifi to access up to INR 2 crore in revolving credit, which they utilize to purchase inventory, while also having the option of short-term loans up to INR 50 lakhs, repayable over flexible terms.

The firm charges interest only on the limits utilized, fostering a cost-effective model for businesses to enhance their operational liquidity. Transactions typically occur between Mintifi and its business clients, with services rendered directly to these entities, supporting their cash flow and inventory needs without requiring upfront payments. The platform’s integrated approach, particularly via its innovative use of WhatsApp for invoice management, enhances customer interaction and payment efficiency, further contributing to the company’s revenue generation. In December 2024, Mintifi Private Limited raised USD 180.

00 mn in Series E funding, which will be utilized to develop its financial service platform. The company is focused on designing new products aimed at enhancing its current offerings, although specifics about product launch dates have not been disclosed. Additionally, Mintifi plans to expand into new geographic regions, with a particular emphasis on increasing its presence in Tier 2 and Tier 3 markets across India. The recent funding will support these initiatives, allowing Mintifi to enhance its capabilities and further meet the needs of its growing client base.