Mumbai, India
Mintoak is an Embedded Fintech company that's making waves in merchant payments and financial services. The company's slogan, "Embedded fintech revolutionising merchant digital payments globally. #MintingTheFuture," captures its ambitious vision. Founded in 2017 and headquartered in India, Mintoak focuses on enhancing the relationship between banks and SME merchants by transforming their mobile devices into comprehensive payment platforms.
Mintoak offers a versatile solution enabling payments through various forms such as Cards, QR, UPI, and SMS link-based payments. This model is currently deployed among over 500,000 merchants in India and the Middle-East, improving activation rates and increasing total payment throughput.
In its recent Series A funding round on 21 February 2023, the company secured INR1.65B from notable investors like British International Investment, HDFC Bank, Pravega Ventures, PayPal Ventures, and White Whale Ventures, underscoring its potential to revolutionize digital payments.
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