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These funds are being strategically deployed towards scaling up growth in credit delivery, as the company has doubled its base over the last eight months to over 2 million customers.
Fintech firm Capital Float on Wednesday said it has raised Rs 50 crore in debt for a period of three years from Triodos Microfinance Fund and Triodos Fair Share Fund. The two entities are financial inclusion funds managed by The Netherlands-based Triodos Investment Management (Triodos IM) - a wholly-owned subsidiary of Triodos Bank that manages EUR 5.4 billion in assets under management (AUM). Since January this year, Capital Float has raised over Rs 200 crore in debt. "These funds are being strategically deployed towards scaling up growth in credit delivery, as the company has doubled it...
Buy Now Pay Later and credit provision platform Capital Float has raised ₹50Cr debt from Triodos Fiar Share Fund and Triodos Microfinance Fund
The 'Buy Now Pay Later' model of Capital Float saw the fintech startup providing credit to consumers in metros as well as in non-metro locations.
How The Pandemic Fueled The Rise of Buy Now Pay Later 2 hours ago As the Indian consumer market shifted to online platforms to buy their goods during the last year, Buy-Now-Pay-Later (BNPL) or embedded finance options have become commonplace on most e-commerce platforms. These credit-payment options offer consumers a short loan for a specific purpose. BNPL credit products or their technical embedded finance essentially offers customers a small loan instantly in certain stores or on e-commerce websites. The reason why it’s called embedded is because the financial component (BNPL) is within a...