Mintoak Acquires Digiledge to Expand Digital Payment Solutions for SMEs

• ByStartupStory     |    March 4, 2025

Mintoak, a leading SaaS platform that powers merchant apps for banks and payment providers across India, the Middle East, and Africa, has acquired Digiledge, a fintech firm specializing in bill payments and Central Bank Digital Currency (CBDC) solutions.

The acquisition strengthens Mintoak’s merchant engagement and retention strategy, equipping acquirers with enhanced digital tools to support small and medium-sized enterprises (SMEs) in an increasingly digital economy. With the National Payments Corporation of India (NPCI) pushing for digital adoption through initiatives like Bharat Connect, bill payments have become a crucial segment for businesses of all sizes. NPCI’s latest B2B initiative focuses on digitizing invoicing and payments, impacting over 3 million merchants using Mintoak-powered applications.

By integrating Digiledge’s capabilities, Mintoak’s partner banks will be able to offer SMEs a wider range of financial services, including streamlined bill payments and the ability to accept CBDC transactions. According to Mintoak’s press release, this collaboration will help merchant acquirers adapt to regulatory and technological changes, ensuring their payment systems remain future-proof and seamless across multiple channels.

“This acquisition is a major milestone in our mission to support SMEs with an all-in-one merchant payments and commerce platform,” said Raman Khanduja, Co-founder and CEO of Mintoak. “By adding Digiledge’s Bill Payments and CBDC capabilities, we are making it easier for merchant acquirers to grow their networks and provide SMEs with digital financial tools. Together, we’re transforming how merchants conduct business in a digital-first world.”

For Digiledge, the deal presents an opportunity for scalability and international expansion. “Joining forces with Mintoak opens up new avenues for us to operate at scale and reach global markets,” said Mahesh Govind, Co-founder and CEO of Digiledge. “This partnership enables us to deliver more value and further strengthen the SME ecosystem worldwide.”

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