Embedded finance startup Mintoak Innovation raised $20 million in a Series A funding round led by PayPal Ventures, with participation from British International Investment and existing investors HDFC Bank and Pravega Ventures.
Other institutional investors, including White Whale Partners Fund, also invested in this round. The startup will use the capital raised to ramp up its tech stack and double down on the existing product portfolio, besides expanding into new markets like Southeast Asia.
I am thrilled to have some of the world’s most trusted brands place their faith in our product, team, and delivery,” said Raman Khanduja, CEO and Co-founder of Mintoak.
