SaaS platform Mintoak closes Rs 71 Cr secondary investment from Z3Partners
Summary
Mintoak, a SaaS platform serving banks and merchant acquirers, has raised Rs 71 crore in a secondary funding round.The round saw early-growth investor Z3Partners acquire a minority stake from some of Mintoaks initial institutional investors. "This fundraiser is a good validation of the value weve delivered to some of our early backers, said Raman Khanduja, CEO and Co-founder of Mintoak. "Mintoaks remarkable product-led growth and innovation are redefining how Banks and SMEs collaborate, demonstrating trust and transaction scale. Their leadership team has world-class capability in working with Banks and Merchants globally with their prior experience at leading financial institutions," said Gautam Patel, Founder and Managing Partner at Z3Partners. "In February 2023, Mintoak raised $20 million in Series A funding round led by PayPal Ventures with participation from British International Investment.