Mintoak Secures Rs. 71 Crore Secondary Fundraise Strengthening Merchant SaaS Ecosystem

Merchant SaaS platform Mintoak has raised Rs. 71 crore in a secondary funding round, with Z3Partners acquiring a minority stake from initial institutional investors. This development underscores investor confidence in Mintoak's mission to empower merchant acquirers and drive global SME engagement through cutting-edge technology.

Mintoak's innovative platform supports over 3 million merchants across six countries, enabling more than Rs.50 billion in annual GMV and processing over Rs. 3 billion in transactions annually. Built on a modular, API-first infrastructure, the platform integrates seamlessly with banking systems, offering scalability and agility. Esteemed clients include HDFC Bank, State Bank of India, Axis Bank, and YES Bank, alongside global partners like Absa Bank, Network International, and NMB Bank.

This funding round highlights the company's focus on expanding its merchant ecosystem and scaling its offerings. Raman Khanduja, CEO and Co-founder, expressed enthusiasm about this milestone, emphasizing its validation of Mintoak’s value proposition and the strategic advantages Z3Partners brings. Similarly, Gautam Patel, Founder of Z3Partners, lauded Mintoak’s growth and its transformative impact on the merchant-acquirer ecosystem. Mintoak continues to revolutionize merchant services by empowering SMEs through payments and commerce enablement solutions. Its focus on collaboration, scalability, and global impact cements its leadership in the sector.