Innoviti Payments Solutions has raised Rs 80 crore in debt financing from Trifecta Capital and a clutch of non-banking finance companies (NBFCs).
The Bengaluru-based company, which deploys point of sale (PoS) terminals and processes card payments for retailers. Plans to use the funds to expand operations, strengthen the technology platform to ensure smooth card payments and hire additional staff.
The latest debt infusion would help the company raise funds without having to dilute the shares of the existing shareholders
The company had raised around Rs 120 crore in its series B round of funding in July 2017 from investors including SBI-FMO, Bessemer Ventures and Catamaran Ventures.