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Mintifi Reviews

Mumbai, Maharashtra

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Mintifi Private Limited, founded in January 2017 by Anup Vijaykumar Agarwal, Ankit Mehta, and Sanjoy Shome, is a prominent financial technology platform headquartered in Mumbai, Maharashtra, India. The company specializes in supply chain financing solutions designed to transform the purchase financing experience for small and medium-sized enterprises (SMEs). Operating primarily within a massive corporate-to-distributor-to-retailer network, Mintifi addresses the critical challenge of collateral-free inventory financing to help businesses optimize their cash flows, accelerate inventory churn, and drive sales growth. The core operations of Mintifi revolve around its advanced digital platform and its lending arm, Mintifi Finserve Private Limited, which operates as an active, unlisted non-banking financial company (NBFC). The platform offers a variety of customized B2B credit solutions, including on-demand revolving purchase credit lines up to INR 2 crore and short-term working capital loans up to INR 50 lakhs with flexible repayment options. A key differentiator for Mintifi is its cost-effective utilization model, where interest is charged only on the credit limits actually used by the business clients. Mintifi relies heavily on technology alliances and modern infrastructure to streamline supply chain financing. It utilizes powerful APIs to seamlessly integrate with multiple corporate Enterprise Resource Planning (ERP) systems, allowing for automated, end-to-end electronic invoicing, real-time payment settlements, and flawless invoice reconciliation. The platform has also pioneered digital tools like WhatsApp-based banking for invoice management and credit limit tracking, drastically reducing inefficiencies in the traditional order-to-cash cycle. To manage credit risks, Mintifi collaborates with over 300 corporate anchors across diverse sectors—such as beverages, auto parts, FMCG, and paints—using an in-house digital scorecard to assess distributor historical performance and transaction data. Financially, Mintifi has demonstrated exponential scale and a clear path to profitability. The company transitioned from consecutive early-stage losses to booking a net profit of INR 3 crore in FY22 and INR 35 crore in FY23. At the group level, Mintifi reported a consolidated profit after tax (PAT) of INR 111 crore for FY25. Its underlying loan portfolio has grown rapidly, with asset under management (AUM) expanding to INR 3,422 crore as of December 31, 2025. This scale is supported by an extensive network of 167 branches spanning 28 states and six union territories, with major operations concentrated in Uttar Pradesh, Maharashtra, and Andhra Pradesh. As a highly backed Series E startup, Mintifi has raised approximately $270 million to $310 million in total funding. Key institutional investors driving its growth include the International Finance Corporation (IFC), Ontario Teachers' Pension Plan (Teachers' Venture Growth), Prosus Ventures, Premji Invest, Elevation Capital, Lok Capital, and Norwest Venture Partners. Led by CEO Anup Vijaykumar Agarwal, Mintifi continues to expand its digital lending capabilities across Tier 2 and Tier 3 markets in India.