Mintoak - About the company
Mintoak is a series A company based in Mumbai (India), founded in 2017 by Kabeer Jain, Raman Khanduja, Rama Tadepalli, Sanjay Nazareth and Rohit Ramana. It operates as a Provider of merchant engagement, payment acceptance, and banking platform solutions. Mintoak has raised $30.6M in funding from investors like HDFC Bank, PayPal and Pg Paper Company Ltd, with a current valuation of $*****. The company has 161 active competitors, including 10 funded and 16 that have exited. Its top competitors include companies like Phi Commerce, Mylapay and PayPhi.
Company Details
Provider of merchant engagement, payment acceptance, and banking platform solutions. It enables digital merchant onboarding, QR and card payment acceptance, soundbox solutions, bill payments, merchant servicing, and value-added financial products including lending, insurance, business credit cards, and fixed deposits through modular banking and payment technology.
- Website
- www.mintoak.com
- Social
- Email ID
- *****@mintoak.com
Key Metrics
Founded Year
2017
Location
Mumbai, India
Stage
Series A
Total Funding
$30.6M in 8 rounds
Latest Funding Round
Post Money Valuation
$***** as on Dec 26, 2025
Investors
Ranked
1st among 161 active competitors
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2025
Employee Count
156 as on May 31, 2026
Investment & Acquisitions
Similar Companies
Legal entities associated with Mintoak
Mintoak is associated with 1 legal entity given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Reports |
|---|---|---|---|---|
MINTOAK INNOVATIONS PRIVATE LIMITED CIN: U62099MH2017PTC299322 , India, Active | Sep 04, 2017 | ₹100 - ₹500 Cr (As on Mar 31, 2025) | 156 (As on May 01, 2026) |
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Mintoak's funding and investors
Mintoak has raised a total funding of $30.6M over 8 rounds. Its first funding round was on Feb 26, 2018. Its latest funding round was a Conventional Debt round on Aug 06, 2026 for $*****. 1 investor participated in its latest round. Mintoak has 14 institutional investors and 7 angel investors.
Here is the list of recent funding rounds of Mintoak:
Filter this list
Filter this listDate of Funding | Funding Amount | Round Name | Post-Money Valuation | Revenue Multiple | Lead Investors | Other Investors |
|---|---|---|---|---|---|---|
Aug 06, 2026 | 9542184 | Conventional Debt | 9257375 | 6958729 | 6101789 | 9702360 |
Dec 11, 2025 | 9125343 | Series A | 1694549 | 2465988 | 6149606 | |
Jan 31, 2023 | 3447039 | Series A | 9957103 | 9909273 |
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Mintoak's founders and board of directors
Founder? Claim ProfileThe founders of Mintoak are Kabeer Jain, Raman Khanduja, Rama Tadepalli, Sanjay Nazareth and Rohit Ramana. Raman Khanduja is the CEO of Mintoak.
Here are the details of Mintoak's key team members:
- Kabeer Jain: Co-Founder & CTO of Mintoak and founder of 2 other companies, GameXS and PlayX. They serve on the board of 1 company.Contact Info: 1 email address
- Raman Khanduja: Co-Founder & CEO of Mintoak. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Rama Tadepalli: Co-Founder & CPO of Mintoak. They serve on the board of 1 company.Contact Info: 2 email addresses and 1 phone number
- Sanjay Nazareth: Co-Founder of Mintoak. They serve on the board of 1 company.Contact Info: 1 email address and 1 phone number
- Rohit Ramana: Co-Founder & CFO of Mintoak. Contact Info: 1 email address and 1 phone number
Mintoak's Board of Directors
Mintoak's board has 3 active members. Raman Khanduja, Rama Tadepalli and Sanjay Nazareth are part of team.Here is the list of Mintoak's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 9y 0m | |
Team | - | Current | 9y 0m | |
aonovma | Team | - | Past | 5y 5m |
View details of Mintoak's Founder profiles and Board Members
Mintoak's employee count trend
Mintoak has 156 employees as of May 26. The total employee count is 11.0% more than what it was in May 25. Here is Mintoak's employee count trend over the years:
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Mintoak's Competitors and alternates
Top competitors of Mintoak include Phi Commerce, Mylapay and PayPhi. Here is the list of Top 10 competitors of Mintoak, ranked by Tracxn score:
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Rank | Company Details | Short Description | Total Funding | Investors | Tracxn Score |
|---|---|---|---|---|---|
1st | Provider of merchant engagement, payment acceptance, and banking platform solutions | $30.6M | 74/100 | ||
2nd | Phi Commerce 2015, Pune (India), Series B | Provider of omnichannel payment gateway and aggregator solutions for businesses | $27.1M | 61/100 | |
3rd | Provider of payment processing and risk management solutions | $1.74M | 60/100 | ||
4th | Provider of omnichannel payment solutions and infrastructure for diverse business needs | $27.1M | 59/100 | ||
5th | Infinitium 1997, Petaling Jaya (Malaysia), Acquired | Payment solution provider for acquirer and merchant | - | - | 53/100 |
6th | Decta 2015, London (United Kingdom), Seed | Merchant acquiring and payment processing solutions | $275K | - | 52/100 |
7th | Merchant acquiring, PoS and mobile payment solutions | - | 51/100 | ||
8th | Payment solutions for businesses | - | 50/100 | ||
9th | Merchant acquirer payment processing solutions for businesses | $10.2M | 48/100 | ||
10th |  Priority 2005, Alpharetta (United States), Public | Provider of integrated payments and banking solution services | - | - | 47/100 |
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Mintoak's Latest cap tables and shareholding
Founders (largest shareholder) own 47.02%, Funds own 25.14%, Enterprises own 16.06% and Angels own 4.96%. The net worth of Mintoak's founders is INR 1,170Cr as of Dec 11, 2025.
Shareholders Name | Post Round Holding % | Net worth | Cumulative Investment | Realised Returns | Unrealised Returns | Return Multiple |
|---|---|---|---|---|---|---|
Founder | 47.02% | 1,170Cr | 5229181 | 7666613 | 9837617 | 9431499 |
6247029 | 7867709 | 7484509 | 2890211 | 5706611 | 2274433 | |
2499865 | 1847435 | 2365976 | 3736041 | 8928840 | 6187870 | |
3174969 | 6539535 | 5926044 | 7470563 | 2067315 | 4485787 | |
Fund | 25.14% | 628Cr | 6032546 | 9821227 | 8668542 | 5882393 |
41 | 32 | 62 | 13 | 53 | 89 | |
Enterprise | 16.06% | 401Cr | 2221546 | 8576352 | 8354032 | 9930655 |
Angel | 4.96% | 124Cr | 1788 | 8451 | 6240 | 6342 |
1 | 8 | 7 | 5 | 2 | 4 | |
Other People | 0.48% | 12Cr | 0 | 0 | 0 | 0 |
ESOP Pool | 6.34% | 158Cr | 631215 | 984426 | 408683 | 563359 |
Total | 100.00% | 2,500Cr | 3480991 | 4761192 | 6132111 | 8867211 |
To unlock detailed Cap Table of Mintoak Sign up today!Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
DisclaimerView more details of Mintoak's Shareholding
Mintoak's Investments and acquisitions
Mintoak has acquired 2 companies including Iccloyalty and Digiledge. Mintoak has not made any investments as of now.Reports related to Mintoak
Here is the latest report on Mintoak's sector:
News related to Mintoak
Filter this listMedia has covered Mintoak for a total of 12 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
•
Mintoak Acquires ICC Loyalty to Build Payments and Engagement OSThe Fintech Times•Sep 16, 2026•Mintoak, Iccloyalty
•
Mintoak Secures Rs 80 Crore Debt Funding for ICC Loyalty AcquisitionStartup Story•Aug 08, 2026•Mintoak, BlackSoil, Iccloyalty
•
Fintech Startup Mintoak Acquires Dubai-Based ICC Loyalty to Strengthen Banking PlatformViestories•Aug 04, 2026•Mintoak, Iccloyalty, BlackSoil
•
Visa's acquisition of Prisma Medios de Pago and NewpayChambers and Partners•Jun 25, 2026•Prisma Medios de Pago, Visa, Mintoak
•
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Mintoak to raise $6 million in Series A round from Paypal and Pravega Ventures at Rs 2,500 Cr valuationEntrackr•Dec 26, 2025•Mintoak, Pravega Ventures, PayPal
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Karnataka startups funding in Q1 2025 drops to $633M: TracxnYourStory•Apr 16, 2025•axio, Amazon, Digiledge, Mintoak and 3 others
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FinTech Funding falls 35% to USD 366 Mn in Q1 CY25; late-stage deals, acquisitions gain paceIndiatimes•Apr 08, 2025•Cashfree Payments, InsuranceDekho, Zolve, Zeta and 10 others
•
From Darwinbox To InsuranceDekho — Indian Startups Raised $386 Mn This WeekInc42•Mar 08, 2025•Darwinbox, Leap Scholar, InsuranceDekho, Swish and 37 others
•
Fintech startup Mintoak buys payments company DigiledgeIndiatimes•Mar 04, 2025•Mintoak, Digiledge, SBI Life Insurance, YE DIGITAL CORPORATION and 4 others
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