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.
…
Tag: Gaurav Hinduja
Investors stay bullish on fintech bandwagon
Deal activity in the financial services technology (fintech) space continues to remain strong, with start-ups announcing a fund-raise every second week. Since 2012, investors have pumped about $2.35 billion (Rs 15,000 crore) into fintech firms in 325 deals, says data platform VCCEdge. The bulk we…
Capital Float partners with Amazon India to disburse loans to e-sellers
Bangalore: Digital lending platform Capital Float has announced its partnership with Amazon India to disburse thousands of loans to e-sellers. The company – the only fintech startup to partner with the e-commerce giant – has also partnered with other leading online platforms including…
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 …
Capital Float to disburse Rs5k cr in SME loans in FY18
New Delhi: SME lending platform, Capital Float, disbursed Rs1,000 crore in loans during the 10 months ended January 2017, and it expects to disburse Rs5,000 crore in the next one year, said top executives of the company. Bengaluru-based Capital Float is introducing more loan products, increasing …
Online lending platform Capital Float grows 400% in Delhi-NCR
Online lending platform Capital Float claims to have witnessed a 400 per cent growth in Delhi-NCR region in 2016 as over 1,000 SMEs availed loans on the platform. “Our disbursal volumes and values have skyrocketed in Delhi NCR in 2016. In the coming year, we are expecting a 500% rise in disbursal…
SME lenders laud govt’s move
The central government’s decision to increase the credit guarantee for small companies would help wean away the latter’s dependence on money lenders, says lenders to the segment. In the backdrop of currency demonetisation, Prime Minister Narendra Modi had over the weekend announced some help for …
Capital Float aims to deep dive into the $500 bn SME lending market
Gaurav Hinduja and Sashank Rishyasringa hardly came from the domain they were trying to revolutionise – online lending. “But we were both excited to come back to India to start a business which did three things – had an impact on the environment for entrepreneurs within the country, leveraged tec…
Fintech start-ups anticipate rise in borrower data since many SMEs will be forced to transact online
Bengaluru: Financial-technology startups are anticipating a rush of users as the government restricts the flow of money to check corruption, including from among the likes of drivers and store-keepers, for many of whom banks remain alien territory. One likely impact of the government’s decision N…
Industrybuying, Capital Float tie-up for credit offering to SMEs in India
India’s leading B2B e-commerce startup Industrybuying has joined hands with Capital Float, the largest digital lending platform in the country, to offer a unique credit solution called ‘Pay Later’ to businesses across India. This cutting-edge loan product enables SMEs to procure industrial produc…