Capital Float, India's largest digital lender on Tuesday announced raising funds worth USD 22 million in equity funding from Amazon. With the total equity funding of nearly USD 110 million, Capital Float has also raised debt amounting to USD130 million till-date from leading banks and NBFCs. Capital Float has enabled large numbers of SMEs with customized credit solutions and is actively expanding into new customer segments. The funds will be used to bolster Capital Float?s proprietary end-to-end digital loan origination system and to design innovative credit solutions for customers. "We're excited to work with Capital Float and invest alongside other investors.

Source: dna April 24, 2018 05:48 UTC