Payment Solutions Company Innovit Raises Rs 10 Cr in Funding

Bangalore based payment solutions company, Innoviti has raised Rs 10 crore in funding from Tata Capital and a group of  investors, according to a recent report. (Via)

The payment solutions provider has raised about Rs. 6 crore from 3 HNIs and the remaining Rs. 4 crore has been loaned by Tata Capital.

Innoviti provides solutions like swipe machine,embedded with its software to retailers. The company’s software also allows customers to make payments as an EMI on credit, or debit cards, along with other options.

The company plans to use the new round of funding to scale up operations in the Middle East and in hiring mid and senior level management.

Yesterday, international credit card company American Express (Amex) purchased a minority stake in Ezetap, a Bangalore based mobile payment solution company.

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