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Mumbai-based Mintoak Innovations provides payment and merchant onboarding solutions for merchant acquirers and their ecosystems.
Mintoak Innovations Private Limited was founded in 2017 in Mumbai, India, by Kabeer Jain, Rama Tadepalli, Raman Khanduja and Sanjay Nazareth, with Raman Khanduja as CEO. Its white-labeled platform covers merchant onboarding, transaction management and risk assessment, and serves over 3 million merchants across more than 19,000 pin codes, primarily in India. The company raised USD 20.00 mn in a Series A round on February 21, 2023, led by PayPal Ventures with British International Investment, HDFC Bank, Pravega Ventures and White Whale Partners. Fiscal 2023 revenue was USD 5,270,156.40, earned mainly from transaction fees.
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