MintOak Innovations: Funding, Investors & Team (Aug 2026)
Embedded Fintech business driving financial services and merchant payments By adapting the merchants' mobile phone as a medium to accept all forms of payments (cards, QR, UPI, and SMS link-based payments), we hope to reconnect banks with their entire base of SME merchants. We also hope to deliver a comprehensive stack of commerce enablement solutions in an integrated fashion. The platform currently serves over 500,000 merchants in India and the Middle East, and it is already showing signs of payment consolidation for merchants and improved financial access for them, including an increase in activation rates and total payment throughput that results in a higher merchant engagement score.
MintOak Innovations has raised $34.0M across 4 funding rounds on record, the most recent an undisclosed round of $8.3M announced in Jan 2025.
That round is below the $14M median round size for Financial Services companies tracked on FundedIQ over the last two years.
MintOak Innovations Company Profile and Key Stats
Latest funding round on record: Jan 2025.
MintOak Innovations Funding Rounds
MintOak Innovations raised $2.0M in an undisclosed round announced in May 2020.
2.6 years later, an undisclosed round of $3.8M was announced in Dec 2022.
2 months later, a Series A of $19.9M was announced in Feb 2023.
1.9 years later, an undisclosed round of $8.3M was announced in Jan 2025.
MintOak Innovations Founders and Leadership Team
Contact details for the MintOak Innovations team: 2 of 2 have an email address on file.
Start 14-day free trial →MintOak Innovations Funding Compared to Other Financial Services Startups
MintOak Innovations' latest round of $8.3M is below the median round in Financial Services. Medians cover the last 24 months of disclosed rounds.
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MintOak Innovations Funding FAQs
What does MintOak Innovations do?
Embedded Fintech business driving financial services and merchant payments By adapting the merchants' mobile phone as a medium to accept all forms of payments (cards, QR, UPI, and SMS link-based payments), we hope to reconnect banks with their entire base of SME merchants. We also hope to deliver a comprehensive stack of commerce enablement solutions in an integrated fashion. The platform currently serves over 500,000 merchants in India and the Middle East, and it is already showing signs of payment consolidation for merchants and improved financial access for them, including an increase in activation rates and total payment throughput that results in a higher merchant engagement score.
How much funding has MintOak Innovations raised?
MintOak Innovations has raised $34.0M across 4 rounds on record. The most recent is an undisclosed round of $8.3M announced in Jan 2025.
When did MintOak Innovations last raise funding?
MintOak Innovations' most recent funding round on record is an undisclosed round of $8.3M, announced in Jan 2025.
Who founded MintOak Innovations?
FundedIQ lists Raman Khanduja (Founder), Sanjay Nazareth (Founder) at MintOak Innovations.
Where is MintOak Innovations headquartered?
MintOak Innovations is based in Mumbai, Maharashtra, India.
How many employees does MintOak Innovations have?
MintOak Innovations is in the 51-100 employee band.
How does MintOak Innovations' funding compare to other Financial Services startups?
MintOak Innovations' latest round of $8.3M is below the $14M median round size for Financial Services companies on FundedIQ across 5,745 tracked companies over the last two years.
About FundedIQ's MintOak Innovations Funding Data
FundedIQ tracks announced funding rounds and refreshes this profile every week. Round dates, stages and amounts are normalised to a single format, converted to US dollars, and de-duplicated: two records of the same round announced days apart are merged, and two genuinely different rounds are kept apart on the amounts they disclose. Amounts shown are the disclosed figures only — a round announced without a number is listed and excluded from the total rather than estimated.
Employee counts are reported bands, not exact headcounts. Founder and executive names carry the job title on record. Anything we do not hold for MintOak Innovations is left off this page rather than filled in.
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