Merchant SaaS platform Mintoak buys fintech startup Digiledge

Merchant SaaS platform Mintoak, which is backed by PayPal Ventures, has acquired fintech startup Digiledge for an undisclosed amount. Digiledge specializes in bill payments and Central Bank Digital Currency (CBDC) solutions.

This acquisition strengthens Mintoak's ability to enhance merchant engagement, retention, and monetisation for banks and acquirers while equipping them with future-ready digital payment solutions.

Boosting solutions for SMEs

By incorporating Digiledge’s expertise in bill payments and CBDC, Mintoak expects to offer a broader suite of digital tools to its partner banks and acquirers.

This includes advanced features that can help small businesses move their financial activities online more easily. Mintoak, founded by Raman Khanduja, Rama Tadepalli and Sanjay Nazareth, already works with major banks like HDFC Bank, SBI and YES Bank, serving more than 1.5 million merchants across India, Africa and the Middle East.

The acquisition is seen as a major step toward providing all-in-one payment and commerce solutions for SMEs.

“By adding Digiledge’s bill payments and CBDC capabilities, we are making it easier for merchant acquirers to grow and help more SMEs access digital tools and financial services. Together, we’re changing the way merchants do business in a digital world,” said Raman Khanduja, Mintoak’s co-founder and CEO.

Digiledge’s expertise

Digiledge, known for its enterprise-grade blockchain solutions for financial services, has developed a bill payments and CBDC stack that several Indian banks have already implemented.

Co-founder and CEO of Digiledge, Mahesh Govind, said joining forces with Mintoak will help the fintech player scale its offerings more effectively. “This partnership empowers us to deliver more value and support the SME ecosystem globally,” he added.