Mintoak Raises Rs 71 Crore in Secondary Funding

Mintoak Raises Rs 71 Crore in Secondary Funding

Mintoak, a Mumbai, India-based SaaS platform for banks and merchant acquirers, has raised Rs 71 crore in a secondary funding round.

The investment saw Z3Partners acquire a minority stake from Mintoak's initial investors. Founded in 2019, Z3Partners is a venture capital firm based in Mumbai, India. The firm invests in late-stage companies within the banking, finance, and financial services sectors, focusing on software, food and beverage, and consumer goods industries, primarily in India and Asia.

Mintoak is a merchant SaaS (Software-as-a-Service) platform that helps banks and merchant acquirers improve their engagement with small and medium enterprises (SMEs). It provides payment processing services and tools for cross-selling, loyalty programs, and gamified customer engagement campaigns. Mintoak serves major banks like HDFC, Axis, and SBI.

Funding Details

Company: Mintoak Innovations Private Limited

Raised: Rs 71 Cr

Round: Secondary Funding Round

Funding Month: January 2025

Investor: Z3Partners

Company Website: https://www.mintoak.com/

Software Category: Payments and Financial Solutions