Capital Float co-founders Gaurav Hinduja and Sashank Rishyasringa. Bengaluru: Digital lending firm Capital Float (Zen Lefin Pvt Ltd) on Tuesday said it has raised $22 million (Rs144 crore) in equity funding from Amazon Inc., taking the total equity funding in the company to $107 million. Founded in 2013, Capital Float is an NBFC registered with the Reserve Bank of India (RBI). According to Amit Agarwal, senior vice president, Amazon India, credit lending in India is highly under-penetrated. “Capital Float is bringing the right kind of credit solutions to the underserved and informally served segments of SMEs to help realize their full potential.

Source: Mint April 24, 2018 02:37 UTC