Indian fintech startup Snapmint, a leading player in the Buy Now, Pay Later (BNPL) space, has raised an impressive $125 million in its latest funding round, signaling strong investor confidence in the company's growth trajectory.
Founded in 2017 by IIT-Bombay alumni Nalin Agrawal, Abhineet Sawa, and Anil Gelra, Snapmint has now amassed a total of $140 million in funding since its inception, as reported by various sources on the web.
Snapmint's Journey and Market Impact
This substantial capital injection, led by prominent investors such as General Atlantic, is set to accelerate Snapmint's mission to provide accessible credit solutions to millions of Indian consumers.
The BNPL model, which allows users to make purchases and pay in installments without upfront costs, has gained massive traction in India, especially among younger demographics seeking flexible payment options.
Snapmint has carved a niche by partnering with e-commerce platforms and offline merchants, enabling seamless transactions and fostering financial inclusion across urban and rural markets.
A Booming Fintech Ecosystem in India
India's fintech sector, ranking third globally with $1.6 billion in funding for the first nine months of 2025, provides a fertile ground for startups like Snapmint to thrive amidst growing digital payment adoption.
The company's innovative approach has not only attracted investors but also positioned it as a key player in addressing the credit gap for underbanked populations in the country.
Future Plans and Industry Outlook
With this funding, Snapmint aims to expand its merchant network, enhance its technology platform, and introduce new financial products tailored to consumer needs.
Analysts predict that the BNPL market in India will continue its upward trajectory, with Snapmint potentially leading the charge by leveraging data analytics for personalized offerings.
The startup also plans to strengthen its presence in tier-2 and tier-3 cities, where access to credit remains a significant challenge for many.
As Snapmint scales, its success could inspire further innovation in the fintech space, potentially influencing regulatory frameworks to better accommodate BNPL services in India.
Andrew Lee
