India Based technology oriented Finance company Kredmint bags an amount of 2 Million US dollars in the first round of funding, the Seed Funding round.
The Seed Funding round was led by the three Venture Capital firms two of India origin and one Singapore based firms, whose details have been not shared by the company on Tuesday, 13th December 2022.
The main motive of the newly established finance company is to help the Micro, Small and Medium Enterprises (MSME) by providing them the totally pliable and clear supply of the financials solutions by acquiring in depth knowledge about their business ideas and their leverage data with the help of Token Manifestation and Smart contracts.
The Company also mentioned that it has made available its loan facilities to these enterprises and has also promised to launch the company’s application in the future.
The Investors Participated in the Current Funding Round
The Funding Round witnessed the participation of several business heads including the Co-founder of BharatPe Mr Ashneer Grover, the CEO of Cred Mr Kunal Shah, Mr Shankar Nath the Co-founder of Junio, Mr Ankur Warikoo founder of Nearbuy and Manish Amin the Co-Founder of Yatra. Several other investors were also participated in the funding round.
About the Company Kredmint
The Fintech Company Kredmint is established in the month of June this year by Mr Vikas Garg the Former Chief Financial officer of Paytm along with the two other Co-Founders Rahul Nagar, the ex- Vice President of Business at Paytm and the Ex- Principle product Manager of Gaana Himanshu Arora.
The company is being listed under the Kredmint Technologies Pvt. Ltd. The ex- Chief Financial officer of Paytm had resigned from his post from Paytm in the month of January to focus on his new company with the help of the two other partners.
The company offers the enterprises to release their special services like the discounts and loyalty on its portfolio for managing its retailer and distributer networks. The company also offers financing via the Non –Banking Financing Company (NBFC) partners to the businesses and two of its NBFCs have already created a loan book of 1 million USD.
Photo Credit- Crunchbase
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