Page 7 - Capital Float News Today

Buy now pay later credit platform Capital Float on Tuesday said financing through its platform has crossed over Rs 2,000 crore by March 2021. Capital Float said it has ended FY21 on a high note, crossing 20 lakh (2 million) lifetime customers-- a four times increase from March 2020, it said. "It has now financed over Rs 2,000 crore worth of consumer purchases through its Buy-Now-Pay-Later (BNPL) model till-date, making it the fastest growing BNPL platform in India," it said in a release. Add...

The pandemic’s impact on various sectors is becoming evident in how fundraising and deals are shaping up for startups.

35 ‘Soonicorns’, chiefly in fintech, cloud kitchen and SaaS space, are ready to move into the big league

[Product Roadmap] How a focus on simplicity and user experience got MoneyTap the scale it was looking for In this week’s Product Roadmap, we feature MoneyTap, the fintech startup that has more than 15 million app downloads, and is constantly innovating to better the credit experience for customers. 0 claps Share on In early 2015, Bala Parthasarathy, then part of VC firm Prime Venture Partners, realised that India was at the cusp of a digital transformation.  Consumers were getting familiar ...

[Product Roadmap] How fintech startup Capital Float is solving lending needs with its in-house technology A product roadmap clarifies the why, what, and how behind what a tech startup is building. This week, we feature Capital Float, one of the early fintech startups founded in 2013. 0 claps Sashank Rishyasringa and Gaurav Hinduja saw a big gap in the Indian SME market, especially for lending. While ecommerce firms like Flipkart were picking up and growing, the sellers on the platforms,...

CB Insights Research Email February 1, 2021 Where is this data coming from? Start your free trial today Email Start your free trial today Email The Covid-19 pandemic has driven shoppers increasingly online, diversifying how and where consumers choose to shop. Even before the pandemic, commerce was already becoming more diffuse, as shoppers shifted between stores and devices and looked to a broader array of shopping options, including marketplaces and social ...

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. CoinSwitch Kuber raises $15 million in Series A 13 January 2021 Source: CoinSwitch Kuber CoinSwitch Kuber, India’s fastest growing cryptocurrency investment platform announced that it has closed $15 million (Rs. 109 Cr.) in its Series A funding. The round is led by leading global fintech and crypto inve...

When people did not want to part with cash, the ‘Buy Now, Pay Later model found its moment of glory among a host of consumers.

The regulator is also understood to have called for information from registered NBFCs that either partner fintechs or lend via apps. Meanwhile, the Digital Lenders Association of India, or DLAI — with members like Capital Float, IndiaLends and ZestMoney — has shared a checklist of telltale signs that a lending app is not RBI-regulated. A key giveaway is that the party asking for the loan agreement is not an RBI-regulated entity. “The RBI has norms for data privacy, data localisation and...

How app-based loan sharks lay death-traps for borrowers Illegal app-based financiers are thriving across the country. These moneylenders target younger customers who look for quick loans for consumption purposes. On default, the harassment begins. December 23, 2020 / 04:21 PM IST It was a shocker for Rajiv, a 25-year-old engineering student in Chennai, when he received back-to-back calls from family members and friends last month seeking details of his loan default and offering monetary assi...