Debt

Debt Financing

Lending tech co Capital Float raises Rs.50-Cr from Holland's Triodos IM

Inc42  

Bengaluru-based lending tech startup Capital Float has raised INR 50 crore in debt for a period of 3 years from Triodos Microfinance Fund and Triodos Fair Share Fund, financial inclusion funds managed by Triodos Investment Management (Triodos IM). Triodos IM is a wholly-owned subsidiary of Netherlands-based Triodos Bank. The new funds are being deployed towards scaling up growth in credit delivery. Capital Float claims to have doubled its base over the last 8 months to over 2 million customers. It operates a Buy Now Pay Later product, in partnership with online platforms and brands. It also offers a full suite of financial planning and management tools through its Walnut app, including small-ticket credit facilities for self-employed entrepreneurs and salaried professionals. Since January 2021, Capital Float has raised over INR 200 crore in debt.