Fintech start-up Minko gets $1.5 mn in funding to expand business

Company announces a B2B payments stack for offline distributors and retailers.

Minko, a financial technology start-up that provides credit to retail shops, has raised $1.5 million in a seed-funding round led by LC Nueva. Shanti Mohan, founder and chief executive officer of LetsVenture, Kunal Shah, founder of CRED, were other investors in the round.

Minko plans to use the fund to hire talent for its technology and sales teams and expand business across India.

The company announced that it offers distributors a B2B payments stack integrated with its flagship product, Minko Credit, thereby offering a technology platform to offline businesses.

Founded by Sanket Shendure and Sanmati Shendure, Minko started product development in January 2021.