BNPL and credit platform Capital Float has raised Rs 50 crore in debt from Triodos Microfinance Fund and Triodos Fair Share Fund for a period of 3 years. The funds will be used to scale its operations and to meet the demands of its user base.
Founded by Sashank Rishyasringa and Gaurav Hinduja, the Bengaluru-based company is a digital finance company serving the financial needs of salaried and self-employed individuals in India. It claims to have a user base of over 2 million, maintaining a credit origination run rate of over Rs 120 crore per month.