Mintifi, an online business-to-business (B2B) supply chain financing platform, has received $80 million in funding from its Dutch-based multinational technology group Prosus. This came out in the half-year report of Prosus, a holding company of Naspers.
This latest investment gives Prosus an effective stake of about 10.65% in the Mumbai-based fintech company. This funding is part of a $100 million round that Mintifi wants to raise now.
Mintifi, in detail, completed the Series D funding in early March this year, and the amount raised was $110 million. Premji Invest, Elevation Capital, and Norwest Venture Partners led the other round with prominent investors. Furthermore, the IFC (Finance Corporation) also invested in the mentioned round.
“In October 2024, the group acquired a 10.65% effective interest in Mintifi Private Limited (Mintifi) for approximately $79.9 million. The group will account for this investment as an equity-accounted associate because of its significant influence on the board of directors,” Prosus said in its consolidated financial statement for the first half of financial year 2025 (H2FY25).
Before this round, Mintifi had raised $170 million from five funding phases analyzed by the market intelligence platform Tracxn.
Revolutionizing B2B Financing
Mintifi was established in 2017 to provide a flexible payment system in the B2B buy-now-pay-later market. This innovation offers SMEs the opportunity to use a line of credit to finance inventory from the principal suppliers.
This is where Mintifi’s model lies: It leverages massive corporate networks, including distributors and retailers. The platform acquires these networks by directly connecting with such large conglomerates and tackles well-known deficits in supply chain financing credit.
It also offers value-adding services to customers who cannot afford the essential credit score needed for traditional financial institutions’ supply chain financing (SCF) products. This approach helps increase credit accessibility among low-credit sectors, improving the value chain.
