Mintifi

Mintifi profits more than tripled to Rs 92 crore in FY24

Mintifi profits more than tripled to Rs 92 crore in FY24

24 Dec 2024, 23:33 PM

Interest income from the disbursement of loans accounted for 80% of the revenue -- which increased 2x to Rs 308 crore in FY24.

Mintifi raises $180 million funding at $850 million valuation

Mintifi raises $180 million funding at $850 million valuation

11 Dec 2024, 16:20 PM

In a mix of primary and secondary transaction, Mintifi’s initial investor Lok Capital, exited as part of the secondary sale, while IFC partially sold its stake.

Prosus picks 10.65% stake in Mintifi for $80 million

Prosus picks 10.65% stake in Mintifi for $80 million

02 Dec 2024, 20:57 PM

In October 2024, Prosus acquired a 10.65% effective interest in Mintifi Private Limited (Mintifi) for approximately $79.9 million.

Fintech Hightlights

  1. Paytm's First Games receives Rs 5,712 crore GST notice

  2. PB Fintech invests Rs 539.4 crore in healthcare unit

  3. MobiKwik sets up wholly-owned unit to operate as an NBFC

  4. Pine Labs promotes CEO Amrish Rau to MD and chairman ahead of IPO

  5. SME lender Finodaya Capital raises $2.5 million led by White Venture Capital
  6. Read more highlights...

Editor's Pick

  1. NPCI’s Silent Power Play: The policy muscle and money behind RuPay’s credit push

  2. BharatPe’s NBFC Trillion Loans FY24 statement: Auditor flags ‘material weakness’ in financial controls

  3. Decoding Stashfin: Business, funding, and culture struggles — can Paytm veteran turn it around?