Capital Float Raises $50 Million From Lightrock India, Others
09/28/21, 4:44 AM
Location
mumbaiMoney raised
$50 million
Mumbai: Digital lending startup Capital Float has raised $50 million in a round led by private equity firm Lightrock India. The equity round also saw participation from existing investors Sequoia Capital India, Ribbit Capital, and Creation Investments. Angel investors such as David Vélez, founder of Nubank, Kunal Shah, founder of Cred, and Amrish Rau, CEO of Pine Labs also participated in the round.
Company Info
Location
mumbai, maharashtra, india
Additional Info
”In addition to offering BNPL at checkout across its merchant partners, the company also operates Walnut, which is a personal finance app. According to Saleem Asaria, partner at Lightrock India, Capital Float has solved for the “triumvirate of customer experience, risk management, and merchant partnerships” that is crucial to success in this business.