BlackSoil lends ₹80 crore to Mintoak for ICC Loyalty acquisition
Mumbai-based Mintoak has secured ₹80 crore in acquisition debt from BlackSoil to fund its purchase of Dubai’s ICC Loyalty, extending its bank-led merchant payments, engagement and loyalty platform across India and international markets.
BlackSoil has provided Rs 80 crore in acquisition debt to Mumbai fintech Mintoak to fund its purchase of Dubai-based ICC Loyalty, expanding its bank-led payments, merchant engagement and loyalty platform across India and international markets.
Why this matters
The financing follows Mintoak’s acquisition of Dubai’s ICC Loyalty, previously positioned as expanding its West Asia banking footprint and combining bank payments, rewards and merchant engagement.
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