PayPal Ventures-backed Mintoak secures Rs 71 Cr in secondary funding

Mintoak has secured INR 71 crore in secondary funding from PayPal Ventures and other investors. This deal comes after the fintech company demonstrated strong growth in its digital payment services. Mintoak offers payment solutions to businesses across various sectors, including retail and banking, and aims to further enhance its product offerings with this investment. The funds will be used to expand its platform's capabilities, develop new features, and increase its market presence. Mintoak’s success reflects the increasing demand for digital payment solutions as businesses increasingly shift to cashless transactions.