Indian fintech platform Innoviti secures $9.6 million in Series D

Innoviti, a payment solutions company based in India has secured an additional $9.6 million in its ongoing Series D funding round led by FMO, a Dutch development bank.

• The investment will be used to fund its working capital, market its mid-market products, and strengthen its B2B and digital technology, the firm claims.
• Innoviti is a payment solutions company providing POS terminals for businesses, offline merchants, and payment channels for small retailers through bank and digital payment provider partnerships.
• The company processes payments worth $9.6 billion through its offline payment channels, it claims.
• It has now raised $19.9 million in its Series D round with this latest funding.