Private Equity VC Fund Investments
BNPL lending platform Snapmint raises $18-M led by Prudent Investment Manager
Source Snapmint (opens in a new tab)Business Standard (opens in a new tab)
Mumbai-based fintech startup Snapmint has raised USD 18 million in a combination of equity and debt in a round led by Prudent Investment Manager. The round also saw participation from Perpetuity Ventures and Pegasus Fininvest.The funding will be used by the company to expand its shopping portals and merchant network.Founded in 2017 by Nalin Agrawal, Anil Gelra, and Abhineet Sawa, Snapmint offers a ‘buy-now-pay-later’ model platform and a zero-cost EMI app. The platform allows shopping on installments without credit cards.
Company website ↗ (opens in a new tab)
Between Nov-17 and Jan-24, Snapmint had raised about USD 30.71 M from Kae Capital, Secocha Ventures, Negen Capital, Anicut Capital, ZNation Lab, SiriusOne Capital, Pegasus Fininvest and others. This excludes the debt raised from Northern Arc Capital.