Founded in 2017 by Nalin Agrawal, Anil Gelra, and Abhineet Sawa, Snapmint offers an EMI-on-UPI solution that lets consumers pay for electronics, fashion, travel, home, and lifestyle purchases in installments. The platform currently serves 7 million monthly active users across 23,000 Indian pincodes and finances more than 1.5 million transactions each month. Snapmint reported revenue of INR 158.5 crore for the fiscal year ending March 2025, up 80 percent year on year, and achieved profitability with a net profit of INR 15 crore. The company plans to use new capital to expand its EMI-on-UPI product and deepen its merchant network across India. Looking ahead, management aims to reach over 100 million consumers. Competitors include ZestMoney, LazyPay, Axio, Simpl, and CRED. To date, Snapmint has raised roughly USD 140 million in equity and debt financing.

Total raised

$125M

Funding rounds

1

Latest round

Series B

Latest activity

Nov 2025