Despite running healthy growing businesses, entrepreneurs in India consistently struggle to raise timely credit from banks. Those that succeed often have to pledge personal property to fund business needs. Restrictive lending policies, inflexible collateral requirements and slow disbursement times by formal financial institutions frequently push SMEs towards informal financiers; but while these lenders are quick to offer funds, crippling interest rates tie down the borrower to a chronic cycle of debt.
At Capital Float, we believe SMEs have 3 basic demands: simple access to credit, collateral-free terms and a trustworthy partner. Our mission is to bridge the current gap in the market with innovative and flexible credit products for SMEs, delivered in an efficient and customer-friendly manner.
Capital Float is an online platform that provides working capital finance to SMEs in India. We offer flexible, short-term loans that can be used to purchase inventory, service new orders or optimize cash cycles. Borrowers can apply online in minutes, select desired repayment terms and receive funds in their bank accounts in 3 days with minimal hassle. Capital Float is the trade name of CapFloat Financial Services Private Limited (Formerly known as Zen Lefin Private Limited), a non-banking finance company (NBFC) registered with the RBI. The company is headquartered in Bangalore. Our management team consists of experienced professionals with prior careers in blue-chip companies such as McKinsey & Company, Gokaldas Exports, Oracle, Citibank, Capital First, and Wipro. They also hold advanced degrees from leading universities around the world such as Stanford University, Princeton University, IIT Mumbai, The London School of Economics and Delhi University.
NBFC Licence procured
Aspada and SAIF partners invests in Capital Float in an Angel round of funding
CF partners with Snapdeal, Flipkart, Amazon to provide loans to marketplace sellers
CF Partners with Myntra to finance its suppliers. CF also partners with Uber to finance its drivers
CF goes live with customized proprietary systems in house. Establishes partnerships with other marketplaces like Amazon, Jabong, Ebay etc.
Sequoia capital invests in Capital Float as part of the Series A round of funding along with existing investors Aspada and SAIF partners
100+ customers on the loan book. CF team also achieves a strength of 50 people. Expands to over 20+ Tier 1/2/3 cities in India
Establishes partnerships with other marketplaces like Pay TM, Shopclues.
200+ Customers on loan book with 200 employees across 11 cities. Disburses loans in over 50+ cities in India
Launches a new line of financing - MCA product through Pinelabs. CF partners with Alibaba
M-swipe establishes partnership with CF. CF also makes its entry into the travel segment with Via.
CF disburses 200+ Cr and has over 1000 customers