Wednesday, April 24

Tag: capitalfloat

CapitalFloat Acquires Pune Based Fintech Firm in $30 Million
22Aug By NitishNo Comments
ACQUISITION

CapitalFloat Acquires Pune Based Fintech Firm in $30 Million

Digital lending firm Capital Float has acquired Pune-based fintech firm Walnut (Thumbworks Technologies) in a deal amounting to USD 30 million (about Rs 208.6 crore). Walnut offers a personal finance management mobile app that helps users to automatically track spends, bank and card balances, bill payments, and split expenses within a group. It has over seven million downloads on Google Play Store. In July 2017, Walnut had launched 'Walnut Prime', a small-ticket, app-based credit line for its users. It recently crossed Rs 100 crore in loans to users. "Their approach towards leveraging technology to solve financial concerns of the common individual was particularly impressive... Walnut Prime is a product of deep interest to us, and it will essentially become a new addition to our sta...
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CoinTribe Raises $10 Million Series B Funding
1Jun By AdityaNo Comments
FUNDING

CoinTribe Raises $10 Million Series B Funding

Another Lending Platform CoinTribe raises over $10 million equity capital in Series-B round led by Sabre Partners along with participation from existing investor, Puneet Dalmia. In last one month, twelve fintech companies raise funding, the average range of funding is from $250000 to $15 million. Gurugram based CoinTribe offers unsecured term as well as working capital financing to small businesses, which are risk assessed using an online lending algorithm. With this round of funding, total equity capital raised by CoinTribe has increased to over USD 15 million. CoinTribe plans to use this additional capital to further enhance capabilities of its proprietary online credit algorithm, expand to new markets and further develop technology to enable faster and nimble product and credit...
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