About Mintifi
Mintifi is a company based in Mumbai (India) founded in 2017 by Sanjoy Shome, Anup Agarwal, and Ankit Mehta. Mintifi has raised $269.95 million across 6 funding rounds from investors including International Finance Corporation, Prosus and Norwest Venture Partners. The company has 1,506 employees as of April 30, 2025. Mintifi operates in a competitive market with competitors including Vayana, Veefin, CredAble, Bridge2capital and Artfine, among others.
- Headquarter Mumbai, India
- Employees 1506 as on 30 Apr, 2025
- Founders Sanjoy Shome, Anup Agarwal, Ankit Mehta
- Stage Minicorn
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Sectors
TechnologyFinancial Services
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Email
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Phone
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Website
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Social
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Annual Revenue
$48.5 M (USD)77as on Mar 31, 2024
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Net Profit
$11.18 M (USD)273as on Mar 31, 2024
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EBITDA
$22.65 M (USD)149as on Mar 31, 2024
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Total Equity Funding
$269.95 M (USD)
in 6 rounds
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Latest Funding Round
$100 M (USD), Series E
Nov 15, 2024
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Investors
International Finance Corporation
& 8 more
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Employee Count
1506
as on Apr 30, 2025
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People of Mintifi
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Funding Insights of Mintifi
Mintifi has successfully raised a total of $269.95M across 6 strategic funding rounds. The most recent funding activity was a Series E round of $100 million completed in November 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Series E — $100.0M
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First Round
First Round
(29 Sep 2017)
- Investors Count 9
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2024 | Amount | Series E - Mintifi | Valuation | Prosus , Ontario Teachers' Pension Plan | |
| Mar, 2023 | Amount | Series D - Mintifi | Valuation | Premji Invest | |
| Feb, 2022 | Amount | Series C - Mintifi | Valuation | Norwest Venture Partners , Elevation Capital |
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Investors in Mintifi
Mintifi has secured backing from 9 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include International Finance Corporation, Prosus and Norwest Venture Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Tech companies are invested in by this venture capital firm.
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Founded Year | Domain | Location | |
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Provides venture capital for technology startups and enterprise innovations worldwide.
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Founded Year | Domain | Location | |
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Venture capital and growth equity firm providing investments and resources to entrepreneurs in various sectors.
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Founded Year | Domain | Location |
Investments & Acquisitions by Mintifi
Financial Statements - Mintifi
Mintifi Comparisons
Competitors of Mintifi
Mintifi operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Vayana, Veefin, CredAble, Bridge2capital and Artfine, among others.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Platform for trade credit and supply chain finance is provided.
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| domain | founded_year | HQ Location |
SaaS-based supply chain financing solutions are delivered globally.
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| domain | founded_year | HQ Location |
Provider of working capital and supply chain finance solutions for businesses
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| domain | founded_year | HQ Location |
Online platform for inventory financing
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| domain | founded_year | HQ Location |
Provider of bespoke supply chain finance solutions
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Frequently Asked Questions about Mintifi
Mintifi was founded in 2017.
Mintifi is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Anup Agarwal is the current CEO of Mintifi. They have also founded this company.
Mintifi is a funded company, having raised a total of $269.95M across 6 funding rounds to date. The company's 1st funding round was a Series C of $40.15M, raised on Sep 29, 2017.
As of Apr 30, 2025, the latest employee count at Mintifi is 1,506.
Annual revenue of Mintifi is $48.5M as on Mar 31, 2024.
Mintifi was founded in 2017 and is based in Mumbai, India. Operations focus on the fintech sector, where supply chain financing is provided to small and medium enterprises. Services include inventory financing, invoice payment facilitation, credit lines, and working capital loans. Invoice reconciliation and early payment discounts are supported, along with integration to enterprise resource planning systems.
Mintifi has 9 investors. Key investors include International Finance Corporation, Prosus, Norwest Venture Partners, Ontario Teachers' Pension Plan, and Growth Catalyst Partners.
The valuation of Mintifi is $413.79M as of Mar 2023.