
Capital Float raises $15 million in equity funding
The Bengaluru-based fintech company says it will utilise the funds to boost its capital base and ramp up SME and consumer loan services.
The Bengaluru-based fintech company says it will utilise the funds to boost its capital base and ramp up SME and consumer loan services.
The company also wants to grow its loan book to ₹1,000 crore, says co-founder and chief executive Sampad Swain.
FM Nirmala Sitharaman will hold similar meetings with representatives from MSMEs, auto, industry associations, financial market stakeholders, and others to address sector-specific issues.
The performance of banks in rural and MSME lending has been inadequate even after the considerable expansion of the scope of priority-sector loans.
Right policy measures and strategic tie-ups with banks hold the key.
Formerly JRG Securities, Inditrade recently divested its equity broking arm and is now betting big on microfinance and housing finance, with a special focus on empowering women entrepreneurs.