New Delhi: SME lending platform, Capital Float, disbursed Rs1,000 crore in loans during the 10 months ended January 2017, and it expects to disburse Rs5,000 crore in the next one year, said top executives of the company. Bengaluru-based Capital Float is introducing more loan products, increasing its marketing spend and doubling its corporate partnerships for borrower acquisition towards this. Capital Float aims to double the number of these partnerships as it rolls out loan products for small retail shops and educational institutes. Currently, loans to e-commerce sellers and small and medium enterprises (SMEs) constitutes 33% of the book of Capital Float. Capital Float is backed by George Soros’s Aspada Investment Co., SAIF Partners and Sequoia Capital.

Source: Mint February 20, 2017 18:49 UTC