Indian Platform Capital Float Raises $45mn

The Series C round was led by Ribbit Capital; SAIF Partners, Sequoia India and Creation Investments Capital Management also participated; the company plans to expand lending, invest in products/technology and widen their geographical footprint; Capital Float will focus on loans to small merchants and kirana store owners; the company has raised $87 million and has about 15,000 customers in e-commerce, traditional retail, manufacturing as well as services businesses. Source

 

 

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!

[class^="wpforms-"]
[class^="wpforms-"]