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Capital Float

Capital Float raises Rs 50 CR in debt

Capital Float

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.

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