Merchant SaaS platform Mintoak has acquired fintech startup Digiledge, a specialist in bill payments and Central Bank Digital Currency (CBDC) solutions, for an undisclosed amount. This acquisition reinforces Mintoak’s commitment to empowering banks and acquirers with cutting-edge tools to engage, retain, and monetize merchants.
By integrating bill payment and CBDC capabilities, Mintoak is equipping acquirers with advanced digital solutions, strengthening support for small and medium enterprises (SMEs) in the evolving financial landscape.
Mintoak’s Growing Fintech Footprint
Founded by Raman Khanduja, Rama Tadepalli, and Sanjay Nazareth, Mintoak provides a robust SaaS platformdesigned to help banks and merchant acquirers deepen their engagement with SMEs. The company facilitates seamless cross-selling of financial products, enhancing revenue streams for banking partners.
The seven-year-old fintech firm serves more than 1.5 million merchants, partnering with top banks such as HDFC Bank, SBI, and YES Bank. Mintoak has also expanded its reach to international markets, including Africa and the Middle East.
Digiledge: Strengthening Mintoak’s Tech Stack
Digiledge, known for its enterprise-grade blockchain solutions, has developed a sophisticated bill payment and CBDC infrastructure already adopted by Indian banks. The startup’s technology enhances digital payment ecosystems, streamlines financial workflows, and ensures secure transactions—all crucial components for modern banking.
Recent Funding and Future Prospects
Mintoak recently secured Rs 71 crore (~$8.2 million) in a secondary funding round led by Z3Partners, signaling strong investor confidence in its expansion strategy.
With the Digiledge acquisition, Mintoak is set to strengthen its position in the fintech space, offering more comprehensive digital payment solutions and reinforcing its role as a key enabler for banks and SMEs in the digital economy.
