Fintech startup Minko raises $1.5 M from LetsVenture, others

Sanquelim, Goa-based Minko, a financial technology startup that provides credit to retail shops, has raised USD 1.5 million in a seed-funding round led by LetsVenture (via LC Nueva). Shanti Mohan, founder and CEO of LetsVenture, and Kunal Shah, founder of CRED, were investors in the round. The company offers distributors a B2B payments stack integrated with its flagship product, Minko Credit, thereby offering a technology platform to offline businesses. Minko plans to use the new funds to hire talent for its technology and sales teams and expand business across India.