Synopsis Getty Images Progcap provides access to collateral-free working capital to retailers in Tier-II, III, and IV areas, where retailers face challenges in accessing capital for their businesses. Stride Ventures has led a debt round of Rs 10 crore in Progcap – a fintech player providing access to collateral-free working capital to retailers. The fund is committed to being a strategic partner in Progcap’s growth journey. This is Stride Ventures’ fourteenth investment from its maiden fund and second investment in the fintech space. Progcap has over two lakh retailers on its platform. These funds will be deployed to increase their AUM and penetration amongst retailers across the country. Progcap will look to strengthen its ties with banks and corporates by leveraging Stride’s network.