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# Indian fintech platform Innoviti secures $9.6 million in Series D
- URL: https://www.techloy.com/indian-payment-solutions-platform-innoviti-secures-additional-9-6-million-in-series-d/
- Published: 2022-05-26T16:34:43.000Z
- Updated: 2022-12-08T00:58:31.000Z
- Author: Oluwajuwonlo Afolabi
- Tags: / Fintech, Tech in India

[Innoviti,](https://innoviti.com/) a payment solutions company based in India has secured an additional $9.6 million in its ongoing Series D funding round led by FMO, a Dutch development bank.

- The investment will be used to fund its working capital, market its mid-market products, and strengthen its B2B and digital technology, the firm claims.
- Innoviti is a payment solutions company providing POS terminals for businesses, offline merchants, and payment channels for small retailers through bank and digital payment provider partnerships.
- The company processes payments worth $9.6 billion through its offline payment channels, it claims.
- It has now raised $19.9 million in its Series D round with this latest funding.