[Funding News] Mintifi to Raises $100 Mn Funding Round Led by OTPP, Bain Capital

Mintifi, a B2B digital lending startup, is reportedly in discussions to secure $100 million in a new funding round.

The round is expected to be joined by the Ontario Teachers' Pension Plan (OTPP), private equity firms Bain Capital and Advent International, and over 20 other investors.

Minify is a B2B lending platform that primarily targets small and medium enterprises (SMEs) and provides products such as customized financing solutions, invoicing, and payment solutions.

The company's services also allow large corporations to digitize their supply chains and offer purchase financing to their distributors.

Read also - Clean Electric Secures Rs 48.5 Cr Funding Round

Tata Motors, Nivea, and Page Industries (the exclusive licensee for Jockey in India) are among the main companies with which it collaborates to digitize their supply chains and provide credit to stakeholders, including distributors and retailers. Distributors can defer payments and secure inventory by utilizing Mintifi's services.

About Mintifi

Founded in 2017 by Anup Agarwal, Ankit Mehta, and Sanjoy Shome, Mintifi's vision is to transform the purchase financing experience across the distribution network up to the last mile by offering them flexible and affordable financing options.

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