# Minko

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/minko

- Industry: Financial Services
- Headquarters: India
- Website: www.minko.app/
- Total disclosed funding: $1.5M
- Latest round: Seed (Dec 22, 2021)
- Investors on record: 2

## About

Minko is a financial technology company offering innovative supply chain financing solutions aimed at improving cash flow for businesses by providing immediate access to funds tied up in supply chain processes.Founded in 2017 in India by Sanket Shendure and Sanmati Shendure, Minko develops financing solutions to assist small to medium-sized enterprises (SMEs) with their cash flow needs. The company raised USD 1.5 mn in Seed funding on December 22, 2021, led by LC Nueva Capital, along with participation from Kudos Finance and Investments Pvt Ltd.Minko App's principal offering is its Supply Chain Financing Product, officially acquired in March 2024. This product enhances cash flow by facilitating faster payments to suppliers, thereby improving operational efficiency for SMEs across North America, Europe, and parts of Asia, who require timely payment solutions to manage inventory and supplier relationships.Minko App generates revenue through its Supply Chain Financing Product, functioning on a B2B model. Clients enter agreements for Minko App to provide upfront payments to suppliers in return for a fee based on the invoice amount, thereby streamlining payment processes. The pricing reflects the immediate liquidity offered, with services structured to support ongoing financing needs or one-time transaction fees, ensuring strong relationships with clients in their supply chain management.Following the recent Seed funding of USD 1.5 mn, Minko plans to enhance its team by hiring additional talent, particularly in technology and sales, to support its growth strategy. The company aims to expand its geographical reach within India, leveraging the funding to scale its operations and maintain growth momentum. Minko is also focused on developing new products designed to further facilitate supply chain financing solutions.

## Funding rounds

- Seed, Dec 22, 2021, $1.5M — Kudos Finance and Investments Pvt Ltd, LC Nueva Capital

## Investors

- Kudos Finance and Investments Pvt Ltd — Seed
- LC Nueva Capital (https://capitalatlas.ai/funds/lc-nueva-capital) — Seed