Mintifi Secures INR 80 Crore Funding to Revolutionize Corporate Supply Chain Financing for SMEs

Mintifi, a trailblazer in the receivables management sector, has successfully raised ₹80 crores in funding to advance its cutting-edge solutions for Small and Medium Enterprises (SMEs). Founded in 2017, Mintifi recognizes the instrumental role SMEs play in driving economic growth and supports corporates that depend on robust supply chain relationships with these businesses. The company addresses the pressing issue of unpaid invoices, which often hampers corporate growth, by offering an Advanced Receivables Management Suite designed to unlock the cash flow potential of these unpaid receivables. The newly acquired funds will enable Mintifi to enhance its platform further, providing features such as automated invoicing, collections, risk management, and reconciliation—all aimed at streamlining the capital circulation within the supply chain. With a presence in over 250 cities across India, Mintifi is determined to bridge the gap between corporate and SME interactions, promoting financial health and operational efficiency. The backing by prestigious investors, including the International Finance Corporation, Lok Capital, and Growth Catalyst Partners, solidifies Mintifi's position as a trusted channel finance partner. This investment will also empower the company to extend its reach into tier 2 and tier 3 markets, thus empowering more businesses throughout the nation. As Mintifi continues to innovate and revolutionize the largely manual lending landscape, the future looks bright for SMEs eager to thrive in a challenging economic environment. For more updates and insights into how Mintifi can transform your financial operations, connect with us at help@mintifi.com or visit our website at www.mintifi.com.