CosmicTaco

Ontario Teachers, Bain Capital, Advent, Others Line Up to Back Mintifi in $100-Million Round

CosmicTaco · 2024-09-02T10:39:56.327858+05:30

- Ontario Teachers' Pension Plan, Bain Capital, Advent International, and other investors are in talks to fund Mintifi with $100 million. - The deal's success depends on the valuation offered to the supply-chain financing platform. - If finalized, the round will primarily be a capital infusion to expand Mintifi's loan book and disbursals. - Mintifi collaborates with major companies like Tata Motors and Nivea to digitize supply chains and provide credit to distributors and retailers. - At least 20 investors are interested, but Mintifi is yet to decide on the final steps based on the valuation. Source: [Moneycontrol](https://www.moneycontrol.com/news/business/startup/ontario-teachers-bain-capital-advent-others-line-up-to-back-mintifi-in-100-million-round-12811797.html)

Ontario Teachers' Pension Plan, Bain Capital, Advent International, and other investors are in talks to fund Mintifi with $100 million.
The deal's success depends on the valuation offered to the supply-chain financing platform.
If finalized, the round will primarily be a capital infusion to expand Mintifi's loan book and disbursals.
Mintifi collaborates with major companies like Tata Motors and Nivea to digitize supply chains and provide credit to distributors and retailers.
At least 20 investors are interested, but Mintifi is yet to decide on the final steps based on the valuation.

Source: Moneycontrol