Fundz

Mintoak raised Rs 71 crore in a secondary investment round led by Z3Partners to enhance their SaaS platform for banks and merchant acquirers.

PRIVATEJan 09, 2025

Amount Raised

₹710 Million

Round Type

Secondary Market

MumbaiFinancial ServicesFinanceFintechLending

Investors

Z3Partners

Description

Mintoak, a SaaS platform catering to banks and merchant acquirers, has successfully completed a Rs 71 crore secondary funding round. Z3Partners has acquired a minority stake from some of Mintoak's initial institutional investors.

Quick answer

Mintoak raised ₹710 Million in a Secondary Market round, dated January 9, 2025. Investors: Z3Partners. Mintoak is based in Mumbai, Maharashtra, India.

How much did Mintoak raise?
Mintoak raised ₹710 Million in a Secondary Market round on January 9, 2025.
Who invested in Mintoak?
Z3Partners is named as investors in this round.
What does Mintoak do?
HDFC Bank increased its stake to 7.75% from 5.20% through its investment, the Mumbai-based startup added.
Where is Mintoak based and how big is it?
Mintoak is based in Mumbai, Maharashtra, India. Fundz records about 140 employees.
Who are the decision-makers at Mintoak?
Fundz holds 1 contact at Mintoak, including the Cofounder & CEO . Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

Companies in the same sectors as Mintoak that raised within 45 days of this round, from Fundz verified event records.

  • Qist Bazaar raised $9.2M (Series A) on February 14, 2025.
  • RasMal raised $4.8M (Pre-Series A) on February 13, 2025.
  • Mysa raised $2.8M (Seed) on February 12, 2025.
  • Cashfree, Inc. raised $53M (Funding Round) on February 5, 2025.
  • Prosper raised $5M (Seed) on January 30, 2025.
  • Yavrio raised $2.4M (Seed) on January 29, 2025.

Who to call at Mintoak, and when

A new round usually means Mintoak is about to hire and buy. The teams that reach out first get the meeting.

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Company Information

Company

Mintoak

Location

Mumbai, Maharashtra, India

About

HDFC Bank increased its stake to 7.75% from 5.20% through its investment, the Mumbai-based startup added. The firm, founded in 2017, plans to deploy the latest capital to ramp up its technology stack and double down on its existing product portfolio. The platform serves over 1.5 million merchants.

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Related People

1 contact
Verified contactsRaman K., Cofounder & CEO See plans and pricing
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