SnapMint, a Mumbai-based fintech firm, announced a $9 million Series A investment led by Prashasta Seth, CEO and CIO of Prudent Investment Managers, on Tuesday.
Snapmint, founded in 2017 by IIT Bombay classmates Nalin Agrawal, Anil Gelra, Abhineet Sawa, and Rahul Agarwal, is a BNPL (Buy Now Pay Later) platform that allows Gen Z consumers to buy any lifestyle category product — be it clothes, accessories, or mobile phones — using small instalments and no-cost monthly payment options.
Nalin Agrawal, Co-founder of Snapmint, said, “We are excited to partner with marquee investors and industry leaders in our growth journey. This investment will boost our expansion plans as we look to grow our merchant partners 50X pan India and bring a unique shopping experience to our customers. Our transaction-led underwriting models allow us to democratise access to credit, provide fair financial terms, and give the freedom of choice to our consumers.”