Innoviti Payments raises Rs 80 crore

BENGALURU: Point-of- sales deploying company Innoviti Payments Solution has raised Rs80 crore in debt financing from Trifecta Capital and a clutch of non-banking finance companies.

The Bengaluru based firm, which processes card payments for retailers, plans to use the funds to expand operations, strengthen the platform to ensure smooth card payments and onboard fresh talent.

“We have got a mix of venture debt and term loans, Trifecta has put in around Rs30 crore, while the rest Rs50 crore has come from NBFCs,” said Rajeev Agrawal, chief executive officer, Innoviti Payments.