Non-bank lender Capital Float has raised $15 million (about Rs 110 crore) from its existing investors as it looks to bolster its capital base and expand its lending operations to small and medium enterprises.
Ribbit Capital, Amazon, SAIF Partners and Sequoia Capital India participated in the latest round.
This, according to Capital Float, signals strong support and trust in its vision of scaling up digital financial inclusion in India.
“At a time when the industry is faced with multiple challenges, we are grateful for this reinforcement and want to continue making lending effortless for SMEs and consumers across the nation,” Sashank Rishyasringa and Gaurav Hinduja, co-founders of Capital Float, saidin a joint press statement.
Source: Economic Times