Fintech startup Kredmint raised about $2 million in fresh funds to help MSMEs with working capital

December 14, 2022

Share via:

Fintech startup Kredmint raised about $2 million in fresh funds from two India-based venture capital (VC) firms (names not disclosed) and one Singapore-based VC firm where angel investors including CRED’s Kunal Shah, BharatPe’s Ashneer Grover, Park+’s Amit Lakhotia, Junio’s Shankar Nath, Unnati’s Amit Sinha, Yatra’s Manish Amin, BSE Ebix’s Sachin Seth, former Xiaomi CMO Jaskaran Kapany, Nearbuy’s Ankur Warikoo, former Paytm COO Renu Satti also participated.

Kredmint seeks to assist MSMEs by thoroughly understanding their business models and leveraging data to provide them with completely flexible and transparent supply chain financing solutions via smart contracts and tokenization. The startup has already made the credit facility available to MSMEs, and its app will be available soon.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Previous News

Apple patched a ‘actively exploited’ zero-day security vulnerability that affects the majority of iPhones

Next News

Aryan Khan marks his entrepreneurial debut by launching a new luxury lifestyle brand D’YAVOL

Sreejit Kumar

Hi, I'm Sreejit Kumar, a journalist with a Master's degree in Journalism. Through my education and professional experience, I have developed a keen eye for detail and a passion for uncovering the truth. As an author for this news website, I am committed to delivering accurate, timely, and engaging stories that inform and entertain our readers.