Tech Company Financing Transactions
Capital Float Funding Round
Ribbit Capital, Creation Investments and SAIF Partners participated in a $45 million Series C funding round for Capital Float. The financing round was announced on 8/22/2017.
Transaction Overview
Company Name
Announced On
8/22/2017
Transaction Type
Venture Equity
Amount
$45,000,000
Round
Series C
Investors
Proceeds Purpose
Capital Float will use its Series C to double its customer base to 30,000 over the next seven to eight months and increase its monthly disbursals from $31 million to $70 million a month over 10,000 loans.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Gokaldas Platinum New no. 3 (Old no. 211) Upper Palace Orcha
Bengaluru, 560080
India
Bengaluru, 560080
India
Phone
Website
Email Address
Overview
At Capital Float, we believe SMEs have 3 basic demands: simple access to credit, collateral-free terms and a trustworthy partner. Our mission is to bridge the current gap in the market with innovative and flexible credit products for SMEs, delivered in an efficient and customer-friendly manner.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Financial Officer
Rajesh Viswanathan
Co-Founder
Gaurav Hinduja
Co-Founder
Sashank Rishyasringa
Vice President
Tushar Garimalla
Vice President
Ajay Panjnani
Vice President
Ankit Satsangi
VP - Operations
Prasad GR
VP - Sales
RN Murthy
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About Our Venture Capital Transactions Database
We report on funding rounds that are announced publicly. VC investment data records reported here come from a variety of public sources. The data is sourced from VentureDeal.com, an affiliated venture.
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