Mumbai: Innoviti Payment Solutions, a payments company backed by Infosys Ltd co-founder N.R. Narayana Murthy’s Catamaran, has raised Rs120 crore in its latest round of funding from SBI-FMO and Bessemer Venture Partners, to boost its businesses across the retail supply chain. Innoviti, a payments technology firm, helps merchants accept payments across channels such as the web, mobile, in-store or at the time of delivery. It also operates smelending.com, a platform that helps small merchants get short-term loans to manage their cash flows. Several payments and lending start-ups have raised funds in recent times, a mark of investor interest in the fintech space.

Source: Mint July 11, 2017 18:56 UTC