Mintoak
Latest, : BlackSoil lends ₹80 crore to Mintoak for ICC Loyalty acquisition
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 7 stories, the newest dated 6 Aug 2026. Summary written 3 Oct 2026.
Mintoak is a Mumbai-based payments and merchant SaaS fintech that runs a bank-led platform for payments, merchant engagement and loyalty. [1] source: Entrackr[2] source: The Hindu BusinessLine
Show 3 more paragraphs and 7 sources
It works with over 50 banks across 20 countries and supports more than 5 million merchants. [3] source: Inc42 Inc42 reported that it processes over $93 billion in annual payment volume and reported ₹105 crore operating revenue in FY25. [3] source: Inc42
In August 2026 Mintoak acquired Dubai-headquartered ICC Loyalty to add loyalty, rewards and customer-data capabilities. [4] source: The Hindu BusinessLine[3] source: Inc42 The combined business generates more than $30 million in annual revenue, with a profitability margin that exceeds 30%. [5] source: Entrackr ICC Loyalty serves over 11 million banking customers through more than 30 banks across 10 countries. [3] source: Inc42 BlackSoil provided Rs 80 crore in acquisition debt to fund the purchase in August 2026. [1] source: Entrackr In June 2026, Visa partnered with Mintoak to equip acquirers across Asia Pacific with its merchant SaaS stack. [2] source: The Hindu BusinessLine
Raman Khanduja is Mintoak's CEO, and Kabeer Jain is a co-founder. [6] source: YourStory[7] source: YourStory Its platform includes Indian partners HDFC Bank, Axis Bank and SBI Payments. [5] source: Entrackr[4] source: The Hindu BusinessLine
Sources
Questions about Mintoak
Who leads Mintoak?
Raman Khanduja is the CEO of Mintoak; he spoke at MSME Sparks 2026 in July 2026. Kabeer Jain is a co-founder of Mintoak. [6] source: YourStory[7] source: YourStory
What is Mintoak's current strategy in India?
In June 2026 Mintoak partnered with Visa to equip Asia Pacific acquirers with its merchant SaaS stack. [2] source: The Hindu BusinessLine In August 2026 it acquired Dubai-based ICC Loyalty [4] source: The Hindu BusinessLine and received Rs 80 crore in acquisition debt from BlackSoil. [1] source: Entrackr