Minko, a retail fintech platform that provides credit facilities to small Kirana and retail shop owners, has raised $1.5 million in a seed round.
The round was led by LC Nueva AIF, an India domiciled Category II AIF Fund, where LC Nueva Investment Partners LLP is the Investment Manager with participation from LetsVenture Founder and CEO Shanti Mohan, and Kunal Shah, Founder of CRED.
Minko provides small Kirana and retail shop owners in India with an embedded credit facility with their supplier invoices. Over the last six months, Minko has onboarded 10,000+ retailers and distributors of reputed brands, including Unilever, Parle Agro, Coca-Cola, Haldirams, and Britannia.