Snapmint has raised $18 million in debt and equity led by Prashasta Seth (Prudent Investment Manager). 

The round also saw participation from Perpetuity Ventures and Pegasus Fininvest.

The funding will be deployed to expand its product suite, and launch new services for our consumers and brand partners, the company said.

In August 2022,  Snapmint had raised $21 million in equity and debt as a part of its Series A round. 

Founded in 2017 by Nalin Agrawal, Anil Gelra, and Abhineet Sawa, the fintech startup offers no-cost EMI services across more than 26,000 pin codes. It focuses on enabling flexible payment options for online shopping and has partnered with brands such as boAt, Xiaomi, Croma, Cult, Arvind Fashions, The Sleep Company and others.

The Mumbai-based company claims to have over 4 million consumers on its platform.

Its existing lending partners such as Vivriti, MAS, Northern Arc, ICICI and AU Small Finance Bank.