Capital Float gets funding from Amazon, others

April 14, 2020 | Lending

Written by FinTech Alliance

Capital Float gets funding from Amazon, others

Indian FinTech lender Capital Float has gained $15mn funding.

In Brief:

  • This comes from existing investors such as Amazon.com, Sequoia Capital, Ribbit Capital and SAIF Parnters.

  • This brings its equity capital raised so far to $125mn.

  • It will use the funds to expand its lending to SME and retail customers.

What does this mean?

Capital Float operates across 300 cities in India. It’s a challenging time for the company as India has put a three month moratorium on loan repayments due to the Coronavirus crisis, but according to LiveMint this may not be extended to Capital Float as a company – only to its customers.

Read more here.

 

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