Known as Capital Float at that time, the company focused on technology-driven easy credit access and customized finance products to bridge the credit gap for small businesses. In 2018, the company entered the consumer lending space, becoming a full-fledged digital consumer financial services organization over the next two years
Funds will be utilized to build & expand the team, enhance & develop the product further and for market expansion
Looking at adding new products and staying India focused
Chapman looks at creating strong corporate governance protocolsfor better compliance
Looking to innovate and add more customers across geographies
Nambisan looks to invest in product, marketing and sales to further growth
The company recently raised undisclosed funding with some of the marquee names to invest being Rangarajan Krishnan. Deepak Shahdadpuri, Abhay Hanjura and Vivek Gupta along with Sovereign Fund, Silicon Valley Bank, Robinhood, & Facebook.
Funds will be utilized to expand the network of merchants, launch a suite of innovative BNPL products and power the purchases of over 450 million consumers in India