INNOVITI PAYMENT SOLUTIONS PRIVATE LIMITED
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Innoviti is one of the leading payment solution providers in India, enabling in-store payment acceptance for merchants and facilitating access to finance for consumers and merchants. The Company’s main offering is in-store payments processing for large enterprises. The company is currently expanding into the SME market segment as well and is adding a new BNPL product, where its technology enables banks, merchants, and consumer good brands to offer buyers the option to pay for their purchases in Equated Monthly Installments (“EMI”) over a period and offer promotions that increases the sales of the merchants.
What is our funding objective?
Innoviti is raising Series-D funding round to expand their products and services to a wider merchant base across country. This growth requires additional capital.
Why do we fund this investment?
The company is enabling digitization of payments in a country heavily reliant on cash transactions. Moreover, the company is expanding into MSME merchants segments with innovative products which will increase the sales for them. Innoviti will also enter Tier 3 to Tier 5 cities in India, which will help digitize payments in those cities.
What is the Environmental and Social categorization rationale?
Low E&S Risk. Innoviti is 'C' E&S risk investee.
More investments
| Date | Total FMO financing |
|---|---|
| 3/25/2022 | USD 5.00 MLN |
| 9/22/2020 | INR 182.95 MLN |
| 5/27/2020 | INR 225.00 MLN |
- Region
- Asia
- Country
- India
- Sector
- Financial Institutions
- Effective date
- 3/25/2022
- Total FMO financing
- USD 5.00 MLN
- Funding
- FMO NV
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C