Mintifi, a provide chain financing platform stated it has raised $110 million in its Series D funding spherical led by Premji Invest with participation from present traders, Norwest Venture Partners, Elevation Capital and International Finance Corporation (IFC).
“This fresh fund infusion will be used to deepen presence across key sectors and consolidate market leadership in downstream supply chain financing,” the agency stated in a press release.
It stated it goals to develop on its new choices like B2B funds, vendor administration system and bolster its tech infrastructure.
Additionally, it seeks to reinforce engagement throughout the provision chain community by constructing an ecosystem of end-to-end fulfilment merchandise throughout anchors and debtors.
Mintifi stated it has grown over 4 occasions year-on-year with annualised purchases financed of over $1 billion and is anticipated to the touch $3 billion by the tip of FY24. Avendus Capital acted because the monetary advisor for this transaction.
