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QED leads $7M round into startup that offers financing to SaaS businesses across US-South Asia corridor

There are a number of companies in the U.S. that offer revenue-based financing to SaaS companies including Capchase, Pipe, Founderpath and Arc. But the options for South Asian companies are far more limited. A new startup, Efficient Capital Labs (ECL), has emerged to give B2B SaaS companies operating in the South Asia-US corridor more financing options, and it’s recently raised $7 million in funding led by QED Investors to help it grow. Kaustav Das teamed up with Manish Arora, a former general manager for PayJoy’s South Asian division, to found New York-based Efficient Capital Labs in early 2022 after working in various risk-related roles over the past two decades. ....

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