Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
Apr, 13 2018

Online lending startup Mintifi Secures $2mn from Lok Capital

Mintifi provides loans and other lending facilities to small and medium businesses (SMBs) through its online platform.

Online lending startup Mintifi has raised $2 million (Rs 13 crore) in a seed round from impact investment firm Lok Capital, a person privy to the development has said.

According to the filing with Registrar of Companies (RoC), the Mumbai-based startup had concluded the deal a few months ago

Operated by Rolling Circle Pvt. Ltd, Mintifi was founded by Anup Agarwal, who previously worked at financial services firm Jefferies India.

Started last year, Mintifi provides loans and other lending facilities to small and medium businesses (SMBs) through its online platform. It uses a data-driven process to assess a customer’s creditworthiness.

Mintifi typically offers working capital loans in the range of Rs 1 lakh to Rs 25 lakh apart from bill discounting and expansion capital loans. It joins a growing number of digital lending startups to raise funding.

Comment
Related opportunities
  • Laundry & Dry Cleaning
    About:Jet Klean, has set its international standards with much determination..
    Locations looking for expansion Maharashtra
    Establishment year 1977
    Franchising Launch Date 2016
    Investment size Rs. 5lac - 10lac
    Space required 225 - Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Quick Service Restaurants
    About:Bueno SANDWICHCRAFT, a progressive venture of Buéno Foods Private Limited,..
    Locations looking for expansion New Delhi
    Establishment year 2013
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • Quick Service Restaurants
    About Us  Me, Waffle n More (MWM) is a quick service..
    Locations looking for expansion Delhi
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Real Estate
    About:Conceptualized and started by Mr. Kalyan Krishna Bandaru, an ITIL..
    Locations looking for expansion Karnataka
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities