Funding Alert

Capital Float Raises In Debt Funding Rs 50 Cr Debt From Netherlands-Based Triodos

• ByStartupStory     |    June 9, 2021

Credit platform Capital Float raises in debt funding of Rs 50 crore from the Netherlands-based Triodos, for a period of three years the company said on Wednesday. Capital Float raises in debt funding to scale its operations and meet the demand of its user base of over two million customers, which has doubled over the last eight months. Capital Float is the trade name for Capfloat Financial Services Private Limited a non-banking finance company (NBFC) registered with the Reserve Bank of India.

Sashank Rishyasringa, Co-founder and Managing Director of Capital Float said regarding Capital Float raises in debt funding, “This agreement reflects the strength of our association and further enables us to unlock new opportunities in digital credit in India.” Capital Float has raised over $110 million in equity funding from marquee investors such as SAIF Partners, Sequoia India, Aspada Investments, Creation Investments Capital Management LLC, Ribbit Capital, and Amazon.

Aditya Mohan, Senior Investment Manager at Triodos IM said in regard to Capital Float raises in debt funding, “Over the last three years, we have enjoyed a fruitful association with Capital Float. “The company has demonstrated resilience and progressive growth year on year,” in a press statement.

 

 

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