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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Tag: Sashank Rishyasringa
‘GST filings will reduce risk, help SMEs in securing credit’
While small and medium businesses are expected to face teething trouble in complying with the Goods and Services Tax regime, the new tax system will also open an opportunity for them to access credit as GST filings are set to become a significant data source for flow-based lending. Both banks and…
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 …
Digital lending firm Zen Lefin raises Rs 17 cr from IFMR
Bengaluru: Digital lending company for small business Zen Lefin, known by its trade name Capital Float, has raised Rs 17 crore from IFMR Capital Finance and its alternative investment fund by allotting nonconvertible debentures (NCDs), bringing the company’s total capital raised through the route…
Capital Float secures ₹17 cr funding from IFMR Capital through NCDs
Capital Float, a finance technology startup which helps SMEs secure capital online, has raised close to ₹17 crore in a round led bt IFMR Capital Finance and its alternative investment fund. Unlike others, this is not a private equity deal. The company has raised money by allotting Non-Convertible…
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…
IDFC ties up with Capital Float to lend to SMEs online
IDFC Bank, which was set up last year, has tied up with Capital Float to extend loans to the small and medium enterprise (SME) businessmen online. Given the inadequate data on the creditworthiness of small businessmen and their numerous defaults, few banks lend to the SME sector now. With branche…
Indian fintech start-ups a long way off from big global peers
Though IT trade body Nasscom claimed that India has more startups than China last week, the KPMG Fintech100 report for 2016 does not reflect it. In the top 100 fintech companies shortlisted from across countries, there are only three Indian startups that have made the cut, while China dominates t…
Capital float introduces special schemes targeting women entrepreneurs in India
Capital Float, the pioneer of digital lending in India has launched a new program specifically targeted at women trepreneurs across India, in a bid to encourage and drive the women entrepreneurship initiatives across India. The program is currently active and is scheduled to run from 8th March to…