Fintech start-up Minko gets $1.5 mn in funding to expand business

Company announces a B2B payments stack for offline distributors and retailers.

investment, investment bankers, brokers, investors, company, firms, board, directors, CEOs, management, funding, tech, economy, gdp, aif, alternative investment fund, capital, startups, tech, savings, money, cash, shares, funds, equity
Premium

Deepsekhar Choudhury Bengaluru
Minko, a financial technology start-up that provides credit to retail shops, has raised $1.5 million in a seed-funding round led by LC Nueva. Shanti Mohan, founder and chief executive officer of LetsVenture, Kunal Shah, founder of CRED, were other investors in the round.

Minko plans to use the fund to hire talent for its technology and sales teams and expand business across India.

The company announced that it offers distributors a B2B payments stack integrated with its flagship product, Minko Credit, thereby offering a technology platform to offline businesses.

Founded by Sanket Shendure and Sanmati Shendure, Minko started product development in January 2021.

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 22 2021 | 5:19 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com