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India's Innoviti raises $11.5m in debt funding to expand business

Mar 15, 2019 - Marketline Newswire
Investments-Partnership Announcement

India-based Innoviti Payment Solutions has raised INR800m ($11.5m) in a fresh debt funding round led by Trifecta Capital and a clutch of non-banking finance companies (NBFCs).

The company, which was founded in 2002, deploys point-of-sale (POS) terminals and processes card payments for retailers. Its clients include Reliance Retail, watchmaker Titan, Inox Leisure and Walmart.Trifecta Capital partner Aakash Goel said: "We have been impressed with the thoughtfulness and patience that Innoviti...