In a significant boost to India’s fast-growing fintech sector, Mumbai-based Snapmint has raised $125 million in a new funding round aimed at expanding its merchant network and strengthening its digital lending capabilities. The funding round comprises a mix of equity and debt, with participation from existing investors as well as a clutch of new institutional backers.
According to company sources, Snapmint plans to deploy the newly raised capital towards scaling its merchant partnerships, enhancing credit assessment technology, and expanding its footprint across Tier 2 and Tier 3 cities—where consumer demand for affordable, flexible credit options continues to surge.
Founded in 2017 by Nik
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