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Amazon-backed Capital Float betting big on co-lending partnerships

The firm also seeks to reduce its dependency on external funds

Fintech firms such as Zest Money, Freecharge, Mobiqwik, Shubh Loans, Capital Float, Lendingcart have attracted venture capital as they build lending businesses with new modes of risk assessment

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The Bengaluru-based firm has now forged a similar partnership with Poonawalla Finance, part of the $9.8-billion Cyrus Poonawalla Group

Peerzada Abrar Bengaluru

3 min read Last Updated : Mar 01 2020 | 1:06 AM IST

Amazon-backed Capital Float, a digital lender, is betting big on co-lending partnerships to capture the financial services opportunities in the country. The firm also seeks to reduce its dependency on external funds.

This strategy is helping the firm — founded by Gaurav Hinduja, scion of Gokaldas Exports, and Sashank Rishyasring, alumnus of Stanford Graduate School of Business —penetrate deeper into tier-II and -III cities.

After enlisting Japanese firm Credit Saison to deliver working capital financing to micro, small and medium enterprises (MSMEs) across India, the Bengaluru-based firm has now forged a similar partnership with Poonawalla Finance, part of the $9.8-billion

Topics : Capital Float

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