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Snapmint raises $80 million to expand BNPL credit access for digitally verified consumer base in India
Snapmint secured $80 million to scale BNPL credit offerings across India, backed by digital identity validation and rising embedded checkout financing adoption trends.
Indian BNPL fintech Snapmint secured $80 million in fresh funding to expand its digital credit distribution model across India, targeting PAN-verified consumers with shorter duration structured repayment plans. The company aims to increase merchant integrations, deepen underwriting intelligence, and scale credit availability within retail commerce flows. The fundraising reflects growing investor conviction that India’s widening internet penetration supports higher formalization of consumer lending beyond traditional unsecured credit. Analysts said BNPL adoption momentum shows strong headroom despite macro consumption variance, as embedded checkout financing continues increasing in multi-category e-commerce.