Avendus Capital advises Mintifi on its USD 110 mn Series D fundraise led by Premji Invest and existing investors

Mintifi is on a mission to disrupt the supply chain financing industry by capitalising on its proprietary flow-based underwriting model. Our unique plug-andplay approach allows us to scale rapidly by tapping into huge outstanding receivable pool of blue-chip corporates while maintaining profitability. This round of funding will allow us to accelerate our growth, expand our team, and deliver even greater value to our customers. We are thrilled to have Premji Invest partner with us on this journey and are inspired by continued faith and participation from our internal investors.

Mintifi is addressing the whitespace in supply chain financing in a highly differentiated manner through its distinctly modular platform and powerful anchor-led and tech-driven origination, underwriting and collection process. Its flexible supply-chain finance solutions create a win-win situation for anchors, distributors, and retailers and have demonstrated great product market fit. Anup, Sanjoy, and Ankit have built a worldclass team and a market-leading lending++ platform well positioned to meet Indian SME and MSME’s unaddressed demand for credit and more.

Norwest is delighted to be investing once again into Mintifi, India’s leading, full stack B2B forward supply chain financing platform. The Founders - Anup, Sanjoy, Ankit, and the entire team have demonstrated tremendous execution capabilities to build a technology-driven fintech platform which is highly profitable and has grown 4x in FY23 driven by strong adoption from anchors, distributors and retailers.

We at IFC are a proud long-term partner of Mintifi, a leading supply chain financing platform

Mintifi is disrupting India’s downstream supply chain financing by leveraging its full-stack module to facilitate frictionless B2B payments and financing. The current round will further cement its market leadership and set the stage for the next phase of growth. Participation from marquee long-term investors reflects the investor community’s appetite for high-quality companies in any market condition. This marks our 2nd transaction with the Mintifi team and 13th fintech transaction in the last 18 months, underscoring our confidence in the sector. Profitable fintech assets with consistent growth trajectory continue to attract investor interest and we anticipate more such companies coming to market in the next 12 months.