#capital float

A stress test awaits e-lending firms as bounce rate triples

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MUMBAI/NEW DELHI: Bounce rates at fintech lenders have nearly tripled in April, in an early indication of financial stress among consumers and small businesses.

The trend is worrying at a time when job losses and disruptions to cash flow are likely to set off defaults, shrink demand for credit and sober valuations for most fintech players. It also comes amid concerns over capital raising…

Leap Finance raises $5.5M to democratize financing for foreign-bound Indian students

Tens of thousands of Indians move to the United States to pursue higher education each year. But like many others who have arrived from a foreign land, they can’t secure education loans or personal loans from the banks at interest rates on par with those levied on local students.

The reason why these students — or anyone else moving to a different country — have to abide by a higher interest rate…

Fintech loan startups innovate to improve collections as NBFC stress piles up- Technology News, Firstpost

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Pratik BhaktaFeb 05, 2020 17:51:24 IST

Digital lenders are wising up and changing. The loan startups that were chasing growth by lending aggressively are now focussing on the other important aspect of the game: collections. And are relying on technology to ensure that borrowers pay back the money.

While some lenders such as Capital Float and Loantap are investing in building their…

Amazon-backed lending platform Capital Float buys consumer finance startup Walnut

India-based lending platform Capital Float has been busy raising capital, having closed an Amazon-led $22 million extension to its $45 million Series C last year —  now it’s putting some of that capital work after it acquired personal finance service Walnut.

The acquisition is $30 million spread across cash and stock, the companies said, and it’ll boost five-year-old Capital Float’s move into the…

Capital Float & Mobikwik raise debt funding, Technology News, ETtech

Let’s take a sneak peak of some start ups at the top of this year 2016

Here are some startups which stayed in game play of the year 2016

  Oyo Rooms

Founded by Ritesh Agarwal

To Book Budget Hotels and Guest Houses starting at INR 999 in Gurgaon, Delhi NCR, Noida, Bangalore and Mumbai. Budget Hotels and Guest Houses at Cheap rate.

  2. Urban ladder

Founded by Ashish Goel & Rajiv Srivasta

Promises 5000+ Thoughtful & Smart Designs. 500000+ Furniture Pieces Shipped.…

After funding, surplus cash a headache for start-ups

Without the assistance of in-house treasury operations, early-stage firms usually turn to their investors for help to manage their funds

Capital Float, a start-up that lends to e-commerce merchants, raised $13 million from venture capital firms SAIF Partners and Sequoia Capital in February. The two-year-old company was suddenly flush with cash. Its founders were, however, at a loss about how to…