QuiD Raises Rs 5 Crore in Pre-Seed Funding Round to Boost Tech Capabilities

• ByStartupStory     |    February 19, 2024

B2B fintech supply chain startup QuiD has secured Rs 5 crore in a pre-seed funding round led by Mint Cap Enterprises and Stone Park Capital. The funds will primarily be used to enhance and scale tech capabilities, as well as to deepen engagement with current clients and partner lenders.

Subhash Gupta, Co-founder of QuiD, stated, “The vision is to leverage technology, data science and blockchain to help anchor and retailer community get better access to credit at invoice level.”

QuiD aims to revolutionize the supply chain finance sector by utilizing technology and data science to provide improved access to credit for the anchor and retailer community at the invoice level. This funding round marks a significant milestone for the startup as it continues to innovate and expand its reach in the fintech industry.

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