Payments focused fintech firm Innoviti gets extra $25M in Series D funding
Innoviti has concluded its Series D round, raising an extra $25 million. The payments-focused fintech will use the money to expand its mid-market product lines in electronics, apparel, and food. Innoviti, a payments-focused fintech business, has concluded its Series D round, raising an extra $25 million from investors led by Singapore's Panthera Growth Partners. According to a top official, this brings the entire Series D fundraising to $45 million. Panthera has invested $15 million from its newly announced Fund II, alongside new investors such as Alumni Ventures and Patni Family Office, as well as previous investors FMO and Bessemer Venture Partners. Its valuation has climbed thrice since its Series C investment last year, according to cofounder and CEO Rajeev Agrawal, who did not disclose the precise figure. The current round brings the company's total funding to $75 million. It has previously obtained $20 million in debt and equity from investors such as FMO, ...