Fintech startup Kredmint raised about $2 million in fresh funds to help MSMEs with working capital

Fintech startup Kredmint raised about $2 million in fresh funds from two India-based venture capital (VC) firms (names not disclosed) and one Singapore-based VC firm where angel investors including CRED’s Kunal Shah, BharatPe’s Ashneer Grover, Park+’s Amit Lakhotia, Junio’s Shankar Nath, Unnati’s Amit Sinha, Yatra’s Manish Amin, BSE Ebix’s Sachin Seth, former Xiaomi CMO Jaskaran Kapany, Nearbuy’s Ankur Warikoo, former Paytm COO Renu Satti also participated.

Kredmint seeks to assist MSMEs by thoroughly understanding their business models and leveraging data to provide them with completely flexible and transparent supply chain financing solutions via smart contracts and tokenization. The startup has already made the credit facility available to MSMEs, and its app will be available soon.