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Innoviti Payment

Innoviti is India’s largest provider of payment solutions to Enterprise merchants with a 76% market share of all payments happening in this segment.
FinTech  
Basic Information
Innoviti been a pioneer in using technology to help businesses extract better value from retail transactions than anyone else. The company processes over 10B$ of merchant payments from over 1000+ cities with a volume throughput per installation that is 2X of the country’s average. Bessemer Venture Partners, USA, FMO, Netherlands, Catamaran Ventures, and Patni Advisors are investors in the company. The company has several patents filed for with two awarded. Innoviti is the winner of Mastercard’s Innovation Wizards Award, Reliance’s Most Promising Growth Consumer Finance Award and Deloitte Fastest Growing Companies in Asia award in 2020. Innoviti is the only Indian payments SaaS company to be awarded the coveted SOC3 seal of excellence for adherence to principles of trust in privacy, security, confidentiality, availability, and processing of transactions.
Legal Name
:
Innoviti Payment Solutions Pvt. Ltd
Headquarters
:
Bengaluru, Karnataka, India
Business Model
:
B2B  
Founding Date
:
2002
No. of Employees
:
251 to 500
Core Team
:
1.  
Rajeev Agrawal
CEO
Timeline

2002

Company Incorporation

Dec | Company Incorporation

Company Incorporation

2015

Raised Funding

Jul | Raised Funding

Series A funding by Catamaran, New India Investment - US$ 5 Million

Revenue Stream
Lending
Licensing
Target Market
B2B
Retailers (Large format, Regional Organized Traders, Mainline Mobile Retailers)
Client Segment
:
Retail  
Target Companies
:
Small Enterprise,  Medium Enterprise,  Large Enterprise  
Target Geography
:
India,  India Tier 1,  India Tier 2,  India Tier 3  
Funding

Total Funding

$50.0M

Investors
:
1.  
Patni Advisors
2.  
Bessemer Venture Partners
3.  
SBI Ven Capital
4.  
FMO

See More

Detail Round Breakdown
Round 1
Round 2

$10.71M

Series Name
:
SERIES-D
Date
:
4th Jan 2022
Investors
:
1.  
Bessemer Venture Partners
2.  
Trifecta Capital
3.  
Patni Wealth Advisors
4.  
Bharat Jaisinghani

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Features

Fintech startup Innoviti Payment Solutions closes $45M Series D round led by Panthera Growth

[Funding alert] Innoviti Payment Solutions raises Rs 80 Cr in ongoing Series D round

[Funding alert] Innoviti Payment Solutions raises Series C round from FMO, Bessemer Venture Partners

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Features

Fintech startup Innoviti Payment Solutions closes $45M Series D round led by Panthera Growth

[Funding alert] Innoviti Payment Solutions raises Rs 80 Cr in ongoing Series D round

[Funding alert] Innoviti Payment Solutions raises Series C round from FMO, Bessemer Venture Partners

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Features

Fintech startup Innoviti Payment Solutions closes $45M Series D round led by Panthera Growth

[Funding alert] Innoviti Payment Solutions raises Rs 80 Cr in ongoing Series D round

[Funding alert] Innoviti Payment Solutions raises Series C round from FMO, Bessemer Venture Partners

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Spoon

Spoon presents the path to building credit history like no other - Exclusively for Young Millennials & GenZ. Modern tech to enable you to build secure credit, stay away from unnecessary debt, and help with responsible spends.

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