Digital lending startup ftcash has raised Rs 50 crores in Series A funding round led by Accion, Dutch development bank FMO and VC fund IvyCap Ventures. The fund will be utilised to accelerate product development and expand into new geographies.
Founded in 2015, ftcash provides software and hardware-based full-stack payment solution to micro-merchants and SMEs in quick times. On average, it lends around Rs 3 lakh to small businesses. (Source)