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Mynd Fintech - About the company

Mynd Fintech is a series A company based in Gurugram (India), founded in 2002 by Anurag Chaturvedi. It operates as an Online marketplace for supply chain financing. Mynd Fintech has raised $16.3M in funding from Mayfield and SIDBI Venture Capital, with a current valuation of $*****. The company has 50 active competitors, including 16 funded and 6 that have exited. Its top competitors include companies like Mintifi, CredAble and C2FO.

Company Details

Online marketplace for supply chain financing. It offers a platform that connects buyers, sellers, and lenders offering multiple loan products for trade finance. It provides invoice financing for vendors, invoice factoring for corporates and vendors, purchase order financing, and more. It also offers mGlobalTrade a B2B marketplace connecting buyers, wholesalers, suppliers, and manufacturers enabling cross-border trading.
Registered Address
F-83EAST OF KAILASH, NEW DELHI, Delhi, India, 110065
Key Metrics
Founded Year
2002
Location
Gurugram, India
Stage
Series A
Total Funding
$16.3M in 4 rounds
Latest Funding Round
Post Money Valuation
$***** as on Mar 19, 2021
Investors
Ranked
Annual Revenue
₹100 - ₹500 Cr as on Mar 31, 2026
Employee Count
43 as on Jul 31, 2026
Investment & Acquisitions
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Mynd Fintech's funding and investors

Mynd Fintech has raised a total funding of $16.3M over 4 rounds. Its first funding round was on Mar 11, 2015. Its latest funding round was a Series A round on Dec 11, 2020 for $*****. 3 investors participated in its latest round. Mynd Fintech has 5 institutional investors.

Here is the list of recent funding rounds of Mynd Fintech:lockFilter this list
Date of Funding
Funding Amount
Round Name
Post-Money Valuation
Revenue Multiple
Lead Investors
Other Investors
Dec 11, 2020
5682760
Series A
2265510
6484383
8856227
6516960
Jan 25, 2019
8079652
Series A
3622218
9751029
5726147
Nov 17, 2015
7860545
Seed
4057161
8551105
5333516
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Mynd Fintech's founders and board of directors

Founder? Claim Profile
The founders of Mynd Fintech is Anurag Chaturvedi.
Here are the details of Mynd Fintech's key team members:

Mynd Fintech's employee count trend

Mynd Fintech has 43 employees as of Jul 26. Here is Mynd Fintech's employee count trend over the years:
Employee count trend for Mynd Fintech
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Mynd Fintech's Competitors and alternates

Top competitors of Mynd Fintech include Mintifi, CredAble and C2FO. Here is the list of Top 10 competitors of Mynd Fintech, ranked by Tracxn score:
Rank
Company Details
Short Description
Total Funding
Investors
Tracxn Score
1st
Logo for Mintifi
Mintifi
2017, Mumbai (India), Series E
Provider of supply chain financing solutions for small and medium enterprises
$270M
65/100
2nd
Logo for CredAble
CredAble
2017, Mumbai (India), Series B
Provider of working capital solutions and supply chain finance programs
$49.2M
59/100
3rd
Logo for Mynd Fintech
Mynd Fintech
2002, Gurugram (India), Series A
Online marketplace for supply chain financing
$16.3M
59/100
4th
Logo for C2FO
C2FO
2008, Leawood (United States), Acquired
Provider of cash flow optimization and dynamic discounting solutions for businesses and vendors
$568M
58/100
5th
Logo for Vayana
Vayana
2009, Pune (India), Series D
Provider of a platform facilitating trade credit and supply chain finance
$91.9M
56/100
6th
Logo for Veefin
Veefin
2020, Mumbai (India), Public
Provider of supply chain finance technology and digital lending solutions
$3M
56/100
7th
Logo for M1xchange
M1xchange
2017, Gurugram (India), Unfunded
Operator of a digital marketplace for discounting trade receivable invoices
-
55/100
8th
Logo for Cashflo
Cashflo
2019, Mumbai (India), Series B
Provider of AP automation, payments, compliance, and vendor management software
$12.8M
51/100
9th
Logo for KredX
KredX
2015, Bengaluru (India), Series B
Provider of supply chain finance and automation solutions for enterprises
$33M
51/100
10th
Logo for Xpedize
Xpedize
2017, Gurugram (India), Acquired
SaaS-based dynamic discounting software
$2.25M
49/100
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Mynd Fintech's Latest cap tables and shareholding

Founders (largest shareholder) own 53.33%, Funds own 42.59% and ESOP Pool own 4.07%. The net worth of Mynd Fintech's founders is INR 207Cr as of Mar 19, 2021.
Shareholders Name
Post Round Holding %
Net worth
Cumulative Investment
Realised Returns
Unrealised Returns
Return Multiple
Founder
53.33%
207Cr
4397145
9774155
7614729
1248824
Fund
42.59%
165Cr
2110601
4671855
9937320
3894616
4968334
2384906
1927031
5554387
5697103
6817843
8247116
7517114
6198562
3558762
6374484
3029730
3904428
1052915
2643675
7756718
3533648
9012516
ESOP Pool
4.07%
15.8Cr
7303
1305
4008
1297
Total
99.99%
387Cr
1267092
4345694
6063227
4991112
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Notes: The column Net Worth represents the net worth of investments made by that entity, as per the latest cap table.
Disclaimer
View more details of Mynd Fintech's Shareholding

Mynd Fintech's Investments and acquisitions

Mynd Fintech has acquired C2FO. Mynd Fintech has not made any investments as of now.

Reports related to Mynd Fintech

Here is the latest report on Mynd Fintech's sector:

News related to Mynd Fintech

Media has covered Mynd Fintech for a total of 2 events in the last 1 year, 1 of them has been about partnerships.
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