Tinvio, which helps connect merchants and their suppliers, has reportedly raised $5.5m in its seed funding round.
The equity was supplied by Sequoia Capital India’s accelerator platform Surge, according to a report from TechCrunch. Additionally contributions to the round came from Global Founders Capital and Partech Capital.
With the close of the round, the FinTech has raised a total of $6.5m in equity since it was founded in 2019, the article reports.
Over the coming year, the FinTech hopes to add more cities and languages to its platform as well as digital financial services.
The company aims to bring every merchant and supplier together so they can work smarter. Its technology is designed to support real-time communication between parties, implement a simple mobile-based ordering system, centralise order tracking, access paperless invoice management and generate critical business insights.
Its platform can also be connected with other apps, such as What’s App, Line, Google Drive, Slack and more, to centralise data and automate workflows.
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