Tata Capital has entered into an agreement with Capital Float to provide Working Capital Loans to financially under-served Small & Medium Enterprises (SMEs) in India. Tata Capital will be co-lending on Capital Float’s digital lending platform and through this relationship, both the companies …
Tag: Capital-float
How fintech start-ups can help banks bridge SME lending gap in India
A major challenge that could stymie SME sector growth is the lack of adequate and timely funding
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Why fintech start-ups are wooing India’s small businesses
Fintechs specializing in micro-financing are gaining the trust of Indian SMEs and MSMEs. Small and medium businesses have thrived in India for decades, specifically empowering smaller towns and cities.
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SME lending platform Capital Float raises $45 m from VC firm Ribbit Capital, others
The company will use the fund in enhancing its geographic footprint, improve customer experience and launch a new set of credit products for SMEs across India.
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Fintech start-up Stashfin raises $5 m funding from snow leopard ventures, others
Delhi-based fintech start-up Stashfin has raised $5 Mn Pre-Series A funding from Snow Leopard Ventures and Singapore-based Alto Partners. Snow Leopard Ventures is the VC arm of the Kirloskar Group. Managing Partners at executive search firm Positive Moves, Vibhav Dhawan and Praveen Malhotra; Aven…
Lending start-up MoneyTap raises $9m from Sequoia, others
Consumer lending start-up MoneyTap has raised $9 million in a funding round led by Sequoia India. Existing investors NEA and Prime Venture Partners also participated in the round. Founded in 2015 by Bala Parthasarathy, Anuj Kacker and Kunal Varma, the platform provides credit to salaried employee…
‘FinTech: The growth propeller for MSMEs’
Demonetisation affected many people in many ways. But the most to feel the heat were small and medium business owners. Largely a cash intensive market, scrapping of Rs 500 & Rs 1000 notes and scarcity of lower denomination notes drove them to adopt digital payment tools to keep the business g…
Our special area of focus is traditionally underserved micro-entrepreneurs: Capital Float
In a long chat with Rohan Angrish, CTO, Capital Float, here is an understanding of how their online platform reduces the hassles associated with processing working capital requirements for SMEs in India. Edited excerpts: Q: Please tell us about your organization and how it plans to address financ…
FinTech start-up Capital Float gets funding from Mahindra’s NBFC arm
Capital Float which is a digital lending startup has managed to raise $2.3 Million (Rs.15 Crore) from Mahindra and Mahindra Financial Services through non-convertible debentures (NCDs). Previously, in January 2017, Capital Float have raised had raised Rs.17 Crore from IFMR Capital Finance through…
How fintech players are expanding their horizons to stay ahead of the curve
The banking and financial services sector has witnessed a sea change over the past year with banks increasing focus on technology, demonetisation-induced cash crunch causing a spike in digital transactions, and proliferation of fintech players offering innovative products and services. Customers …