Established on September 26, 2017, Snapmint has emerged as India’s number one private, non-governmental fintech company. Based in Navi Mumbai, Maharashtra, the company has revolutionized consumer financing by making easy, affordable installment options available for a wide range of products.

Snapmint Achievement

In a significant development, Snapmint recently raised $18 million in its pre-Series B funding round. This funding round was a great combination of debt and equity. It was led by Prashasta Seth. The round also saw participation from new investor Perpetuity Ventures and existing investor Pegasus FinInvest, showcasing strong confidence in Snapmint’s innovative business model and growth potential.

Snapmint’s success lies in its ability to bridge the gap between customers and affordable financing solutions. It allows users to purchase products on easy EMIs without the need for a credit card, making it accessible to a wider audience, especially in underserved markets. Over the years, Snapmint has partnered with numerous brands and retailers, offering seamless financing options across categories like electronics, fashion, and home appliances.

Fresh Funding 

The fresh funding will enable Snapmint to expand its operations, enhance its technology infrastructure, and bring innovative financing solutions to more customers across the country. The company’s commitment to providing hassle-free, inclusive financing has made it a trusted name in India’s fintech sector.

Snapmint’s journey from a startup to a leading fintech player underscores the potential of leveraging technology to empower consumers and transform the financial ecosystem. With this new round of funding, Snapmint is poised for even greater achievements, setting benchmarks in the fintech industry.

Author Opinion 

Snapmint was launched on 26 September 2017. Today it has become the number one shopping platform. Recently a big news has come out in the world of funding related to the company. The company has made a huge profit in the Pre-Series B funding round and this is great.