What Mintifi does

Mintifi is a Mumbai-based B2B supply chain financing platform founded in 2017 that extends inventory credit lines and working capital loans to small and medium distributors and dealers across India. Its flagship offering, Mintifi Capital, provides on-demand revolving credit lines up to Rs. 2 crore for inventory purchases directly from brands and distributors, supplemented by short-term business loans up to Rs. 50 lakhs with 6- or 24-month tenures and daily or monthly repayment options. The company also distributes its solutions through enterprise brand partnerships — including Tata Motors, Jockey, Nippon Paints, Borosil, Bridgestone, Firstcry, and KAFF — embedding financing into the downstream dealer networks of these manufacturers. Lending is conducted through its wholly-owned subsidiary Mintifi Finserve, which is RBI-regulated.

The platform's technology stack includes an API-first architecture with native integrations into Tally, SAP, and Oracle ERPs, an Electronic Invoice Presentment and Payment (EIPP) system for order-to-cash automation, and a payment collection module branded Mintifi Collect. Its most distinctive product feature is WhatsApp Banking, marketed as India's first inventory financing interface on WhatsApp, allowing distributors to view invoices, check credit limits, and repay dues directly in the messaging app. Following its December 2024 Series E round, Mintifi announced expansion into AI-enhanced dealer management systems and AI-powered factoring services.

Mintifi generates revenue primarily through interest income on the utilized portion of its revolving credit lines and working capital loans, with pricing quote-based and not publicly disclosed, and supplements this with co-lending platform fees earned by originating loans that are funded by partner financial institutions. As of 2024, the company was disbursing approximately $100 million monthly, and its valuation reached $850 million following a $180 million Series E led by Ontario Teachers' Pension Plan's TVG and Prosus, with cumulative funding exceeding $350 million from investors including Premji Invest, Norwest Venture Partners, Elevation Capital, IFC, and Lok Capital.

Name

Mintifi

Legal name

Mintifi

Website

https://mintifi.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Short description

Mintifi is a Mumbai-based B2B supply chain financing platform founded in 2017 that provides revolving inventory credit lines, working capital loans, and invoice management solutions to SME distributors and enterprise brand manufacturers across multiple industries in India.

Ownership category

akta.pro rank

Product category

Supply Chain Financing

NAICS

Nondepository Credit Intermediation (5222), Sales Financing (522220)

SIC

Miscellaneous Business Credit Institution (6159), Short-Term Business Credit Institutions (6153)

akta.pro primary industry

SME Lending Platforms & Embedded SME Credit (FSAKAGAJ)

Keywords

• Supply chain financing
• B2B lending platform
• Inventory financing
• Working capital loans
• Invoice financing

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Credit/Interest Income: Revenue generated from interest charged on revolving credit lines and working capital loans. Interest is charged only on the limit utilized, not the total credit line. Repayment options include daily/monthly installments over 6-24 month tenures.
2. Co-lending Platform Fees: Scaling co-lending platform enabling lending operations with partner financial institutions, generating platform/facilitator fees.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

Mintifi is a B2B supply chain financing platform that provides inventory financing and working capital loans to SMEs and distributors. The platform offers on-demand revolving credit lines up to Rs. 2 crore, short-term business loans up to Rs. 50 lakhs, electronic invoice presentment and payment (EIPP), and WhatsApp Banking for inventory financing. It enables businesses to purchase inventory from brands and distributors with interest charged only on utilized credit limits.

Product overview

Mintifi is a supply-chain financing platform providing a unified ecosystem of inventory financing solutions for SMEs. The platform operates through multiple integrated modules: Mintifi Capital (core financing product with on-demand credit lines and business loans), Mintifi EIPP (electronic invoice presentment and payment), Purchase Credit Line (for Tier 1/Tier 2 distribution networks), WhatsApp Banking (mobile access via messaging), and Mintifi Collect (payment acceptance with Tally integration). The platform also offers API integrations for ERP connectivity and is expanding with AI-enhanced dealer management systems and factoring services.

Differentiator

Problem solved

Functional benefit

Brands

• Mintifi Capital: Business financing solutions including on-demand credit lines up to Rs. 2 crore and business loans up to Rs. 50 lakhs
• Mintifi Collect
• Mintifi EIPP

Products and services

• Mintifi Capital Core inventory financing product offering on-demand credit lines up to Rs. 2 crore and short-term working capital loans up to Rs. 50 lakhs for SMEs to purchase inventory from brands and distributors. Includes flexible repayment options over 6 or 24 months with daily/monthly choices.
• On-Demand Credit Line Revolving credit facility up to Rs. 2 crore for businesses to buy inventory directly from brands and distributors. Interest is charged only on the utilized limit, not the total credit line, providing cost-effective access to inventory financing.
• Business Loans Short-term working capital loans up to Rs. 50 lakhs with flexible repayment options over 6 or 24 months. Available with daily or monthly repayment choices to match business cash flow cycles.
• Purchase Credit Line End-use specific credit lines covering Tier 1 and Tier 2 distribution networks, enabling faster inventory churn across last-mile distribution networks. Designed for brands and their distributor ecosystems.
• Mintifi EIPP (Electronic Invoice Presentment and Payment) Digital invoice reconciliation solution that reduces inefficiencies in invoice processing, accelerates the order-to-cash cycle, and ensures timely payments. Integrates with ERP systems via APIs for automated reconciliation.
• Mintifi Collect Payment collection and acceptance solution that connects with Tally accounting software, sends auto reminders for outstanding invoices, and enables instant payment processing for improved cash flow visibility.
• WhatsApp Banking India's first inventory financing platform on WhatsApp, allowing businesses to view invoices, check credit limits, and repay dues through the messaging app. Enables 3-click invoice payments and 24x7 repayment flexibility through a familiar consumer interface.

Quantifiable outcome

• 4X business growth for SME customers using credit limits
• +3 more outcomes

Named customers8 records

Segments2 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

AI capability2 records

Feature4 records

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Kinara Capital: Indian NBFC providing working capital and business loans to small businesses, including distributors and retailers. Comparable in SME lending focus and segment.
• FlexiLoans: Indian digital lending MSB platform providing business loans to SMEs. Comparable in technology-enabled SME lending and revenue model.
• Lendingkart: Indian fintech providing working capital loans to small businesses. Comparable SME target market and data-driven underwriting approach.
• CredRight: Supply chain financing platform providing credit to small retailers and distributors in India. Closely comparable product and customer segment.
• KarbonCard: Indian corporate card and B2B payments platform for SMEs and startups. Overlaps in B2B credit and payment solutions for the Indian SME segment.
• Indifi Technologies: Indian digital lending platform providing unsecured loans to SMEs based on cash flow and digital footprint. Comparable in SME lending focus and tech-enabled underwriting.
• KredX: Indian supply chain finance and invoice discounting platform offering working capital to SMEs and businesses. Directly comparable in target customer, product (invoice financing), and India-focused B2B model.
• M1xchange (Mynd Solutions): TReDS-anchored invoice discounting platform for MSMEs in India. Competes head-to-head with Mintifi in B2B supply chain financing and SME working capital.
• Vayana Network: Supply chain financing network connecting enterprises, financiers, and suppliers in India. Direct competitor in trade finance and B2B credit enablement.

Broad incumbents

• Razorpay: Major Indian fintech offering payments, lending, and banking-as-a-service to businesses. Overlaps in B2B financial services and SME credit enablement at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/officialmintifi
• LinkedInlinkedin.com/company/mintifi

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds8 records

Investors8 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Mintifi