Supermoney raised INR 28.6 Cr ($3.4 Mn) in a Series A funding round from Capital 2B and Capria Ventures to expand operations and increase loan disbursements.
Supermoney raised INR 28.6 Cr ($3.4 Mn) in a Series A funding round from Capital 2B and Capria Ventures to expand operations and increase loan disbursements.
06/19/24, 11:02 AM
Location
mumbaiMoney raised
$3.4 million
Industry
financial services
Round Type
series a
Investors
Capria Ventures, Capital 2 B
Supermoney, a digital platform offering working capital solutions, has raised INR 28.6 Cr ($3.4 Mn) in a Series A funding round from Capital 2B and Capria Ventures. The fresh funds will be used to expand Supermoney’s operations and increase loan disbursements. Supermoney operates in over 40 locations, partnering with more than 30,000 retailers and dealers.
Company Info
Location
mumbai, maharashtra, india
Additional Info
Supermoney is a trustworthy digital working capital platform for large medium & small businesses. We collaborate with renowned brands in industries such as steel, automotive and auto parts, batteries, tyres, electronics, consumer goods, FMCG, pharmaceuticals to provide tailored payments and finance solutions for their supply chain ecosystem.
Our product line includes Supply Chain Finance, Working Capital Term Loan
Working Capital Demand Loan, Merchant Loan (Kirana Loans) and Purchase Invoice Discount. Supermoney has its own NBFC, and we also work with large banks/NBFCs to serve our target consumers.