Innoviti

Innoviti is an enterprise payments solution provider that has always brought differentiation through innovative solutions to solve real-world payment problems for businesses.

Innoviti is transforming offline commerce by cloud-enabling physical retail data using payment channels, and using it to drive unparalleled sales efficiencies for brands, suppliers, merchants, banks and lenders.

Innoviti was founded in 2002 and is based in Bangalore, India. The company also has offices in Mumbai and Gurgaon.

 

Innoviti's Solutions offers installation, payment transaction reports, analysis, and resolution services. The company specializes in developing payments processing, credit distribution, and installment management software.

 

Innoviti's platform deeply integrates with merchant ERP to extract and cloud-enable data and deliver payments, lending and marketing services to merchants and consumers shopping at these merchants.

 

Innoviti claims to have processed over 527 Mn transactions worth $22 Bn and set up over 80K PoS terminals to date.

 

Innoviti is backed by Bessemer Venture Partners, FMO, SBI Venture Capital, Catamaran, Trifecta Debt Fund, Patni Advisors, and others. The company raised Rs 75 crore ($9.6M) as part of the second close of its ongoing funding round on May 26, 2022. This brings Innoviti's total funding to $67.7M to date.

 

 

  • Year founded: 2002
  • Funding Info: $67.7M over 7 Rounds (Latest Funding Type: Series D)
  • Yearly Revenue: NA
  • Employee Size: 201-500
  • Business Valuation: NA
  • City/Town: Bangalore
  • State: Karnataka
  • Country: India
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