wordpress blog stats
Connect with us

Hi, what are you looking for?

Innoviti raises $18 million from SBI-FMO, Bessemer and Catamaran

Point-of-sale (PoS) terminal deploying company Innoviti Payments Solutions has raised $18 million (Rs 120 crore) in a round of funding led by Singapore-based private equity fund SBI-FMO and Bessemer Venture Partners, with participation from existing investor Catamaran Ventures. A spokesperson from Innoviti confirmed this to MediaNama. The funds will be used for marketing its omni-channel payment platform uniPAY NEXT and to expand its dealer trade credit platform smelending.com, including extending loans to B2B businesses. The company provides short-term loans (as low as Rs 30,000 for 15 days) through smelending.com, and claims to process over 150,000 loans annually for more than 30,000 small businesses. Currently, Innoviti has deployed 50,000 uniPAY PoS terminals in 720 cities. Innoviti's clients include Reliance Retail, Titan, Landmark Group, INOX, Indigo, and Walmart among others. In July last year, Innoviti had raised Rs 30 crore from Catamaran Ventures and New India Investment…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ